Updated: May 18, 2025
📍 By Market Desk – Gold News Today
Gold prices have faced increased selling pressure recently, dropping nearly 7% from their peak of ₹99,358 per 10 grams recorded on April 22, 2025. Market analysts are now closely monitoring whether the precious metal could fall further—possibly toward ₹88,000 per 10 grams—if key support levels are breached.
What’s Pressuring Gold Prices?
Market sentiment around gold has shifted due to:
- Lowered expectations of US Fed rate cuts
- Decreased geopolitical tensions
- Rising global bond yields
These factors reduce the appeal of gold as a safe-haven asset. Analysts from Axis Securities indicate that gold is currently testing a major technical support: the lower edge of its 50-day moving average envelope. If this support breaks, the decline could accelerate.
Analyst Insights: What Do Experts Say?Axis Securities
- Sees May 16–20 as a critical window for potential trend shifts.
- Identifies $3,136 as a global support level. If broken, gold could slide toward $2,875–$2,950, potentially bringing Indian gold prices down to ₹88,000 per 10g.
- Augmont Research
- Renisha Chainani, Head of Research, suggests that breaking the Double-top neckline at $3,200 signals more downside.
- Predicts gold could move to ₹87,000–₹88,000 in the short term.
- Sees this pullback as a buying opportunity for long-term investors amid global uncertainties.
RiddiSiddhi Bullions
- MD Prithviraj Kothari notes gold’s long-term fundamentals remain solid.
- Warns that faster-than-expected global economic recovery may push prices lower in the short term, possibly toward the $3,000–$3,050 range.
Investor Takeaway: What Should You Do?
- Short-Term Traders: Monitor support zones at ₹92,000 and ₹88,000.
- Long-Term Investors: Consider staggered buying if prices drop significantly.
- Risk Management: Stay diversified and track international indicators such as US economic data and geopolitical developments.
Key Levels to Watch (Indian Market – MCX)
| Support | Resistance |
|---|---|
| ₹88,000 – ₹92,000 | ₹94,000 |
Final Word
While the recent pullback in gold may appear concerning, analysts believe it reflects short-term macroeconomic shifts rather than long-term structural weakness. A potential dip to ₹88,000 could open up valuable entry points for strategic investors.
⚠️ Disclaimer: This article is for informational purposes only. Investment decisions should be made based on your own analysis or consultation with a financial advisor.
