Gold & Silver Price Forecast: MCX Gold to Touch ₹1,29,000 — Market Outlook for Today
Gold breaks out strongly from consolidation, while silver continues its upward trajectory, signaling that the metals retain strong bullish momentum in MCX trades
Market Trend & Recommended Strategy
The view for MCX on November 27, 2025 remains promising, with a renewed upward momentum in both gold and silver. The surge of gold futures past consolidation phase is an indicator of crystal clear strength from buyers. As long as the price holds above the key support of ₹1,24,000, analysts believe that the metal will inch closer to the ₹1,29,000 mark. This indicates small pullbacks could attract fresh buying interest.
Experts see the recent breakout as an indication of strong market sentiment, wherein the overall trend also tends heavily towards positive. Any decisive slip below ₹1,24,000 may weaken the current bullish chart pattern. Until then, the uptrend remains valid.
Silver is also showing a strong trend on the back of steady demand and rising price action. Analysts indicate that if this trend remains firm, silver might reach to ₹1,63,000. The immediate support for silver in the short term is seen at ₹1,54,500 levels, below which the rally will slow down but not necessarily get reversed.
Suggested levels for traders planning entries: gold — buy around ₹1,25,900 with stop-loss at ₹1,24,000 and target at ₹1,29,000; silver — buy around ₹1,58,550 with stop-loss at ₹1,54,500 and upside target of ₹1,63,000. These levels can be seen coinciding with the positive sentiment of precious metal markets.
