{
  "id": 2602046,
  "title": "Bullion Cues: Gold futures and silver futures could gain more",
  "url": "https://urgent.news/2026/08/22/bullion-cues-gold-futures-and-silver-futures-could-gain-more",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T15:37:51.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/commodity-analysis/bullion-cues-strong-momentum/article71376869.ece"
  },
  "original_language": "en",
  "account": "Precious metals experienced a notable surge last week. Gold and silver futures both demonstrated significant gains, with gold increasing 5.2% to $4,603 per ounce and silver rising 6.6% to $69 per ounce. In India, gold futures rose 5.1% to ₹1,62,438 per 10 grams, while silver futures climbed 4.5% to ₹2,46,597 per kilogram. This analysis delves into the developments surrounding gold and silver futures. Gold futures (October) broke through the ₹1,55,000 barrier by mid-last week and continued its upward trajectory, reaching a peak of ₹1,62,680 on Friday. The upward momentum appears robust, suggesting a likelihood of further price increases. Currently, the closest resistance level stands at ₹1,70,000. Nonetheless, a temporary pullback to around ₹1,60,000 before resuming the ascent to ₹1,70,000 cannot be ruled out. Should gold futures dip below the ₹1,60,000 support level, it could potentially extend the decline to ₹1,55,000. However, at present, gold futures are poised to rise to ₹1,70,000 either from the current price of ₹1,62,438 or after a temporary decline to ₹1,60,000. The recommended trading strategy involves purchasing gold futures (October) if the price falls to ₹1,61,000, with a stop-loss set at ₹1,59,000. Once the contract ascends to ₹1,67,000, the stop-loss should be adjusted to ₹1,65,000, and profits should be realized upon reaching ₹1,70,000. Silver futures (September) encountered a slight downturn early in the week but found support at ₹2,30,000, marking an essential level where both the 21- and 50-day moving averages converge. Following this support, silver futures rebounded, surging past the ₹2,40,000 mark, indicating a favorable outlook. We anticipate silver futures to reach ₹2,60,000 in the near future. Conversely, if the contract declines from its current level, it may find support at ₹2,40,000. If this support is breached, it could trigger a more substantial decline to ₹2,30,000. The trading strategy for silver futures recommends buying at ₹2,44,000, with a target price of ₹2,60,000 and a stop-loss of ₹2,39,000.",
  "summary": "Traders can consider long positions",
  "key_points": [
    "Gold futures rose 5.2% to $4,603 per ounce last week",
    "Silver futures increased 6.6% to $69 per ounce",
    "Analyst predicts potential further gains for both metals"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Motley Fool",
        "title": "Gold, Silver, and Copper Are Rebounding in August. Here's One Stock to Invest in to Own All of Them.",
        "url": "https://urgent.news/2026/08/22/gold-silver-and-copper-are-rebounding-in-august-heres-one-stock-to-2619995",
        "published": "2026-08-22T15:30:00.000Z"
      },
      {
        "outlet": "Nasdaq Markets",
        "title": "Gold, Silver, and Copper Are Rebounding in August. Here's One Stock to Invest in to Own All of Them.",
        "url": "https://urgent.news/2026/08/22/gold-silver-and-copper-are-rebounding-in-august-heres-one-stock-to",
        "published": "2026-08-22T15:50:00.000Z"
      }
    ]
  },
  "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."
}