Gold & Silver Price Outlook – June 26, 2025: Support Levels, Targets & Should You Buy?

Markets are watching precious metals closely on June 26, 2025, with analysts flagging critical levels for both gold and silver that could shape price direction in the near term.

MCX Gold Outlook

Support is pegged around Rs 95,800 – Rs 96,700 per 10 g, with Rs 95,800 acting as a crucial floor.

Resistance zones lie at Rs 98,500 and Rs 1,00,000 — breaching Rs 98,500 could pave the way toward the ₹1 lakh psychological mark.

Technicals describe the recent ~4% dip as a normal pullback within a larger bullish trend.

Global cues: easing Iran-Israel tensions have softened safe-haven demand, easing gold prices slightly.

MCX data confirm support at Rs 96,950–Rs 96,680 and resistance at Rs 97,850–Rs 98,200.

Strategy: Analysts recommend buying near support at Rs 95,800, targeting Rs 98,500 first and Rs 1,00,000 next, with a stop-loss at Rs 95,700.

MCX Silver Outlook

Silver has dropped ~5% from recent highs, yet the long-term trajectory remains bullish.

Key support is around ₹1,02,500; holding this level may trigger a rebound.

At the global level, silver is trading near $35.96/oz, testing support ~USD 35.25, with potential to rebound toward $38.75 if momentum holds.

International Context

On global markets, gold edged down amid a firm U.S. dollar post-U.S. strikes on Iranian nukes—spot gold dropped 0.4% to US$3,354/oz; silver was stable at US$36.02/oz.

Ceasefire hopes between Iran and Israel weighed on safe-haven demand, contributing to gold’s IB decline and easing silver pressure.

Forecasts vary: global platforms suggest bearish catalysts if gold breaks certain support points (e.g., $3,265/oz or ₹95,800), while bullish scenarios envision moves toward Rs 1 lakh or $3,360/oz.

Should You Buy or Sell?

This balanced approach could benefit from current macro trends—geopolitical calm, central bank policies, and dollar fluctuations—while clearly defining entry and risk levels.