Gold Silver Rate Today Live Updates: Ponmudi R, CEO of Enrich Money on MCX Gold
MCX Gold is trading near the ₹1,53,000 zone, attempting to stabilise after a sharp recovery, while the broader macro backdrop keeps sentiment fragile. Immediate resistance stands at ₹1,53,500; a sustained move above this level could extend the rally toward ₹1,54,000–₹1,55,000. On the downside, ₹1,51,000 acts as immediate support, with ₹1,50,500–₹1,50,000 as stronger bases should selling pressure resurface, with deeper losses potentially extending toward ₹1,48,000. The near-term bias remains cautiously bearish, with a deteriorating macro backdrop continuing to weigh on sentiment.
