Steady Climb in Precious Metals: Continuous Rise in Gold and Silver Futures Contracts

In an exciting development for the securities trading market, the Multi Commodity Exchange of India (MCX) listed gold and silver futures on September 6, 2025. This move has opened up new opportunities for traders and investors alike.

Last week, silver hit a multi-year high, with silver futures (December) rallying significantly. The price action of silver futures shows an uptrend, and in the near term, they are likely to resume the uptrend and rally to ₹1,30,000. However, it's important to note that the prevailing price action of silver futures is not as strong as gold futures.

Similarly, the price of gold futures (October) has shown a steady uptrend. The target for gold futures is ₹1,10,000, and traders can consider going long at ₹1,07,700 and ₹1,05,000. Despite a potential correction, the broader uptrend for gold futures remains bullish. In fact, the chances of a further rally in gold futures are high.

For those considering silver, traders can consider the same trade strategy as for gold futures, with adjustments based on the specific price levels for silver. If the price dips to ₹1,24,000 or ₹1,21,500, consider buying silver futures (December). The suggested stop-loss for buying silver futures is ₹1,18,500, and book profits at ₹1,30,000. If there is a correction from the current level, silver futures could find support at ₹1,21,000, and if this support is breached, they can extend the decline to ₹1,19,000.

In the case of silver futures (October), they gained 2.3 per cent last week, and the 50% retracement of the recent upswing for silver futures lies at ₹1,19,000. It's worth noting that when the contract rises to ₹1,28,000, alter the stop-loss to ₹1,26,000, and when gold futures touch ₹1,09,000, the stop-loss for gold futures should be adjusted to ₹1,08,000.

MCX-Gold (₹1,07,728) reached a session high of ₹1,07,807 on Friday but ended the session slightly lower. Silver futures (December) also rallied last week, gaining 3.3 per cent.

In conclusion, the outlook for both silver and gold futures on the MCX remains bullish, with a strong uptrend expected in the near term. However, it's crucial for traders to manage their risks by setting appropriate stop-losses and taking profits at the right time.

This article was published on September 6, 2025.

Steady Climb in Precious Metals: Continuous Rise in Gold and Silver Futures Contracts