Precious metals continued to travel upwards in September with closure of gold and silver at a high level of 52-week in September. The interest rate cut by the US Federal Reserve with concerns over the US government’s shutdown increased the spirit of precious metals.
Comex Gold crossed a psychologist $ 3,800 mark and closed at a new level of a new time of $ 3,887.6 by the end of September. It represents a profit of 10.6% last month. Comex Silver received an impressive advantage of 15% to settle at $ 47.9 by the end of September.
Reflecting the trend in global markets, the MCX gold price closed nearly 12% more, which settled at a high level of 10-gram at a high level of 10-grams 10-gram. MCX Silver gained 17% last month, settling at 1,42,124 per kg. As seen last month, the Comex Gold Price maintained the trajectory and overtook the then mentioned target area of $ 3,680-$ 3,720. While the long -term trend is still positive, recently Spike has pushed the price of gold into a warm area. An average repatriation or value is likely to be in short -term. The decline below $ 3,800 would be an initial indication that the anticipated cool closed in Comex Gold. Below from $ 3,800, the price can be reduced by $ 3,720- $ 3,730. The short -term trend will remain positive as long as the price remains at a price above $ 3,800.
Comex silver price went into the sink with expectations and the price went well beyond the first mentioned target area of $ 43.5- $ 44.5. Similar to gold, the price of comex silver is also in more area and therefore a cool shutdown is likely to be in the near period. The decline below $ 45.5 would be an early indication of the introduced calm beginning.
Until this level is violated, it is expected that the price of silver is at a high level.
Corrective phase
International price was uptrend in the positive rubbing on MCX Gold. MCX Gold Price Last month went beyond the target area of ₹ 1,10,000- ₹ 1,12,000 mentioned last month. There is a possibility that the price of domestic gold can also be found in consolidation or light bottom. The decline below ₹ 1,15,400 will be an initial signal that is running below the corrective phase.
In the sink with expectations, MCX Silver staged a fast recovery last month and also. 1,30,700 -also managed to move beyond the target area of ₹ 1,31,500. Recently Spike has pushed the MCX Silver Price into an overbott zone, making it unsafe to a calm in the near period. A decline of below ₹ 1,40,000 would suggest that the cooling phase is going on. The price of silver is expected to be firm until the price is below this level. In short, both gold and silver appear overheat and insecure to a calm closure in warm terms. However, long -term trend remains positive.
(The author is a Chennai -based analyst/merchant. The idea and opinion shown in this column is based on the analysis of short -term value movement in India’s Comex and Multi Commodity Exchange. It is not a business or investment advice.)
Published – October 06, 2025 06:51 AM IST
