Gold price prediction today: What is the gold price outlook in the coming days? Gold headed for higher levels
Gold price prediction today: Gold prices could head to Rs 138,000 – Rs 140,000 with the right cues, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. He shares his views and recommendations for gold investors and key levels to watch out for in the near term:Gold and silver rebounded last week after sharp profit booking toward the end of the week before that, with silver breaking the psychological ₹2 lakh mark on the domestic front continuously marking all-time high, while gold also hit record highs hovering ~$4400 on Comex. Silver has surged over 120% YTD in 2025 and gold over 65%, making both among the best-performing assets of the year. Softer US Treasury yields and a weaker dollar index, lingering around 98, with volatility in USDINR supported prices continued to support domestic prices. Last week, amidst RBI Intervention USDINR fell by almost Rs 2. The Federal Reserve’s 25 bps rate cut in December meeting, delivered amid a divided vote, reinforced expectations of policy uncertainty, with officials offering mixed views on the future rate path. Recent US data showed rising unemployment, weaker-than-expected payroll additions for October and November, and mixed retail sales, keeping pressure on yields and the dollar.Silver backwardation widened again, signalling supply tightness and strong speculative interest, while gold faced mild demand headwinds in India due to record prices despite the wedding season. Globally, safe-haven demand remained intact amid geopolitical risks and policy uncertainty.Markets now await key triggers including US housing numbers, GDP, PCE price index, consumer confidence, durable goods orders data. We are heading towards holiday shortened days as well amidst the Christmas holiday so volatility could also get thin. Stance: Buy on DipsWith support of Rs. 132,000 prices could target towards 138,000-140,000. If prices break below 132,000 support, we could see prices falling towards 130,000 as well.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
