Gold price prediction today: Why gold rate may remain volatile this week & should you sell or buy?
Gold price prediction: This week will remain volatile and set tone in terms of new direction in prices. (AI image)
Gold price prediction today: Gold prices ended the last week down and also continued to consolidate during the entire May month below record highs touched in April. Meanwhile, spikes seen in prices in recent sessions were only on account of geopolitical developments involving Russia & Ukraine as Ukraine carried out its biggest strike on record hitting almost $7bn worth of Russian military planes.
Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations:
The yellow metal jumped almost 2% yesterday while Silver prices were boosted by 5 % due to augmented safe haven flows.
On the global trade front, US President Donald Trump lashed out at China over the weekend and accused the latter of violating a preliminary tariff agreement, reviving fears of a trade war between the world's two largest economies.
Trump also announced to double tariffs on steel imports from 25 % to 50 % while reportedly urging countries to present the most favourable trade by Wednesday in an effort to speed up discussions before reciprocal tariffs come into effect on July 8.
This also kept the dollar upside limited, keeping it below 100 since last week.
Bullion prices remained also up following Federal Reserve (Fed) Governor Christopher Waller's slightly dovish approach, saying that rate cuts remain possible later this year.
However, he warned that policymakers are mainly focused on controlling inflation.
Gold Price Outlook
This week to remain volatile and set tone in terms of new direction in prices
Overall bias for bullion still suggests limited upside for the current week as June tends to be the weakest season of the year for Gold Miners & stocks in terms of seasonal approach, leaving waning interest in markets. Meanwhile volatility could also remain high as US Fed members continue to stick to easing bias but rate cut probabilities stay delayed only after September month.
Adding to these concerns, any further escalation in Russia Ukraine conflict, with any retaliatory response from Russia warrants caution for the USD bulls and may lead to volatility in bullion prices.
Traders also look forward to the release of several macro cues including US JOLTS Job Openings along with speeches by influential FOMC members. The major focus, however, will remain on the US monthly employment details, or the Nonfarm Payrolls (NFP) report due on Friday amid steady payrolls may confirm delayed rate cut for the year.
Gold Price Weekly View: Highly Volatile (Duration 1 – 2 weeks)
Strategy: We expect limited upside in Gold for the coming week as any volatile spike towards $3420 - 3450 per oz in Spot (CMP $3358 per oz) remains a selling opportunity on a weekly basis. On MCX Aug futures (CMP Rs. 97,785 per 10 gm) prices could trade in a broad range of Rs. 99,850 – 93,980 per 10 gm for a duration of 10 – 15 trading days.
MCX Silver is expected to remain steady as compared to Gold while may trade in a broad range of Rs, 98,700 – 1,03,500 per Kg. (CMP Rs. 1,00,630 per Kg.) in July futures contract.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
Why do India's brightest find Harvard easier to enter than IITs?
It sounds different at first, how could one of the world's most prestigious Ivy League institutions be more accessible than India's own engineering strongholds? But for thousands of Indian students each year, that's the sobering reality. Harvard, with its global reputation and ultra-selective admissions, is seen as the pinnacle of academic achievement. Yet for many top Indian students, clearing the difficult Joint Entrance Examination (JEE) for the Indian Institutes of Technology (IITs) feels even harder. Statistically, they're right. While Harvard accepts about 3% to 5% of applicants, the top IITs admit less than 0.2%, a competition so fierce it borders on the impossible, according to The Economist. And the pressure isn't just numerical, it's cultural, psychological, and systemic. A test of endurance, not excellence India's entrance exams are unforgiving. Students begin preparing years in advance, often sacrificing adolescence for a shot at a seat in IITs or IIMs. In coaching towns like Kota, teenagers live regimented lives, measured not in experiences but in mock tests, cutoffs, and daily rankings. Contrast that with American universities like Harvard, which adopt a holistic admissions process, one that considers essays, recommendation letters, extracurriculars, and personal character alongside academic merit. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo In short, they assess potential, not just performance. Rejection at home, recognition abroad This paradox plays out year after year: Students who are denied entry into India's top institutes end up accepted by Ivy League schools. It isn't that they're less intelligent; it's that India's system is designed as a sieve, not a searchlight. It filters ruthlessly, often overlooking creative thinkers, late bloomers, and non-conformists. Over 60% of the top 100 IIT rankers still leave India for graduate studies abroad. And now, many who fail to enter IITs at all are finding prestigious opportunities in the West, because, in many ways, they are finally being seen. A pipeline built on pressure According to The Economist, nearly one-third of all international students in the US are Indian. Many pursue STEM fields, drawn by flexible curricula, research opportunities, and comparatively less cut-throat undergraduate admissions. It's no surprise, then that even with volatile visa policies and occasional political hostility, like those during Donald Trump's presidency, Indian students continue to look West. Germany, Canada, and even the Netherlands are emerging as new favourites for Indian families wary of the IIT rat race. These countries offer not just quality education but a reprieve from the emotional toll exacted by India's hyper-competitive model. What does this say about India's system? That Harvard might be more accessible than an IIT is not a compliment to American universities; it's an indictment of India's own educational gatekeeping. Our brightest minds should not have to seek validation from abroad because their potential wasn't shaped into the narrow mold demanded by entrance tests. The question isn't whether Indian students are capable enough for the Ivy League. Clearly, they are. The question is: Why must they leave India to feel worthy? Until we reimagine our idea of merit—from a single number on an answer sheet to a fuller picture of capability and creativity, India will keep exporting talent it fails to nurture. Harvard may keep opening its doors. But shouldn't India do the same? Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
Time of India
31 minutes ago
- Time of India
Westinghouse pursues US nuclear expansion after Trump orders, FT says
Nuclear equipment supplier Westinghouse is in talks with U.S. officials and industry partners about deploying 10 large reactors, in response to presidential executive orders, the Financial Times reported on Sunday, citing the company's CEO. President Donald Trump's executive orders, which were published on May 23, directed the government to cut down on regulations and fast-track licences for reactors and power plants to shrink a multi-year process to 18 months. Dan Sumner, Westinghouse interim chief executive, told the FT that the company was "uniquely positioned" to deliver the president's agenda because it had an approved reactor design, a viable supply chain and recent experience of building two of its AP1000 reactors in Georgia. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Most Expensive Cars In The World "There is active engagement with the administration, including key points of interface with the loan programmes office, recognising the importance of financing to the deployment of the model," he told the FT. Westinghouse did not immediately respond to requests for comment outside regular business hours. Live Events
News18
42 minutes ago
- News18
NIACL Apprentice Recruitment 2025: Registration Begins For 500 Posts, Check Details
Last Updated: To qualify for the NIACL Apprentice Recruitment 2025, candidates must have a bachelor's degree in any field from a recognised university or hold equivalent qualifications. The New India Assurance Company Limited (NIACL) has started its online application process for recruiting 500 apprentices. Interested candidates can apply on the official website, with the application deadline being June 20, 2025. Candidates will be selected based on an online written examination which is set to take place on July 26, 2025 (tentative). Those who successfully clear the exam and the subsequent rounds will undergo a structured apprenticeship training programme in the insurance sector. They will get a stipend of Rs 9000 per month. NIACL Apprentice Recruitment 2025: Vacancy Details SC: 61 ST: 30 OBC: 110 EWS: 39 General: 260 Total: 500 NIACL Apprentice Recruitment 2025: Eligibility Criteria Educational Qualification: To qualify for the NIACL Apprentice Recruitment 2025, candidates must have a bachelor's degree in any field from a recognised university or hold equivalent qualifications. Only those who graduated on or after April 1, 2021, are eligible for this recruitment cycle. Age Limit: Candidates should be between 21 and 30 years old as of June 1, 2025. This means that eligible applicants must have been born between June 2, 1995, and June 1, 2004. Step 2 – Go to the careers section and click on the recruitment link Step 4 – Fill out the application form with required details Step 5 – Upload documents including photograph, signature, graduation certificate and government issued ID card Step 6 – Pay the application fee Step 7 – Submit and and print the confirmation page for future use 'Candidates must opt only one State while applying in the Company. The candidates may be assigned any of the offices of a particular regional office of the company under the territory of a particular State. However, allotment will be based on need of the Company & subject to the availability of seats.," reads the official notice. NIACL Apprentice Recruitment 2025: Application Fees General/OBC Rs 800/+GST@18% – Rs 944 Women candidates Rs 600/+GST@18% – Rs 708 SC/ST Rs 600/+ GST@18% – Rs 708 PwBD Rs 400/+ GST@18% – Rs 472
