{
  "id": 1073423,
  "title": "Bullion Cues: Prices could soften",
  "url": "https://urgent.news/2026/08/15/bullion-cues-prices-could-soften",
  "topic": "world",
  "section": "World",
  "published": "2026-08-15T16:06:32.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/commodity-analysis/bullion-cues-prices-could-soften/article71348580.ece"
  },
  "original_language": "en",
  "account": "Last week, precious metals continued their upward trend, though with less intensity than the previous week. Gold and silver prices both saw positive gains, with gold up 0.8 percent and silver up 1.8 percent, respectively. In the domestic market, gold futures and silver futures also experienced gains, with gold futures rising 1.8 percent and silver futures up 1.9 percent. This report provides an analysis of the current market situation and suggests potential trading strategies.\n\nGold futures for October reached their peak at ₹1,55,835 last Wednesday, but failed to decisively break the barrier at ₹1,55,000. The 200-day moving average is at ₹1,55,720, acting as a significant roadblock for buyers. It is anticipated that a decline in price could push gold futures to ₹1,49,000 or even lower to ₹1,47,000. However, if the contract successfully breaks out of ₹1,55,720, it has the potential to surge to ₹1,60,000. However, based on current conditions, a minor price decline appears to be the most likely outcome. The recommended trade strategy is to sell gold futures (October) at ₹1,54,506, with a stop-loss at ₹1,56,000 and a target profit at ₹1,49,000. Those who prefer a more conservative approach may want to avoid this counter-trend position.\n\nSilver futures for September also saw a rally in the first half of last week, hitting a high of ₹2,41,999 before moderating to ₹2,35,924. The chart indicates that the contract faces considerable resistance in the range between ₹2,40,000 and ₹2,42,000. It is expected that a price drop may occur, potentially reaching ₹2,27,000 or even lower to ₹2,25,000. If the contract manages to break out of ₹2,42,000, it could rally to ₹2,58,500. The suggested trade strategy is to go short if the price rises to ₹2,37,500, with a target price of ₹2,27,000 and a stop-loss at ₹2,42,000.",
  "summary": "Traders can initiate fresh shorts",
  "key_points": [
    "Gold prices up 0.8% last week, silver up 1.8%",
    "Gold futures peak at ₹1,55,835, may fall to ₹1,49,000",
    "Sell gold futures (October) at ₹1,54,506 with stop-loss at ₹1,56,000"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}