Gold price prediction today: Worst of gold price dips over?
Gold price prediction today: Looking ahead, market participants will closely monitor further developments in US Treasury operations, fiscal policy discussions, and upcoming economic data releases, which are expected to remain key drivers for gold prices in the near term.
Gold price outlook for the week sees a bullish bias as MCX Gold trades near fresh highs, breaking above a key resistance zone, according to Manav Modi, Senior Analyst at Motilal Oswal Financial Services. The recent correction from July lows has reversed the downtrend, signaling renewed momentum driven by buying interest. The market is now in a price-discovery phase, with momentum and sentiment likely to dictate near-term direction.
Holding above Rs 158,000 maintains a positive outlook, while a move above Rs 164,500 could extend gains towards Rs 166,500–168,000. A break below Rs 155,000 could weaken the bullish structure. Gold's appeal has been bolstered by rising concerns over US public finances, expectations of policy intervention, and a weaker dollar. Investment demand has strengthened, with gold-backed ETFs recording their largest daily inflow since September 2025.
Central banks continue to support the market through reserve diversification amidst geopolitical risks and persistent inflation. Market participants will monitor US Treasury operations, fiscal policy discussions, and economic data releases for further influence on gold prices in the near term.
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