Gold price today: Gold is generally considered a safe haven asset at the time of global uncertainties. When the stock market declines and the mood of investors turns to risk prevention, gold prices are seen to be seen.
But during the Iran Israel War, there has been no major rise in gold during Iran Israel War. The US was seen trading down by 0.27% in the international market on Monday despite the air -workfire on Fordow Nuclear Facility by the US.
Prices stable in India too, rupee weak
Gold prices were almost stable at the Multi Commodity Exchange (MCX) in India till around 2 pm on Monday afternoon. In early trade, it was trading with a slight decline of only 0.06%. According to experts, even though prices in the international market are under pressure, the rupee is supporting gold prices in India.
After the US attack on Monday, the Indian rupee fell by 17 paise to 86.72 per dollar due to the rise in crude oil prices.
Has the rally stopped in Gold?
Aksha Kamboj, Vice President of India Bullion and Jewelers Association, said, “There was a spoon in gold after the US attack, but it could not last. It is not able to stop. It indicates that the current rally has stopped and the market is now waiting for a new trigger.”
Why not price fluctuations?
According to Rahul Kalantri, Vice President (Commodities) of Mehta Equites, “Gold in the international market remained around $ 3,360 and silver in the international market on Monday around $ 3,360 and silver $ 36 per ounce. Despite stress, the trading volume and volatility remained limited.”
Ajay Kedia of Kedia Advisory told the CNBC voice that, “As soon as the war started, gold prices rose, but later stabilized. This means that this geopolitical risk has already been discounted by the market.”
He further said that gold will not show strength until it exits above $ 3,500 an ounce. On Monday, the spot gold was trading at $ 3,377.20 an ounce on Monday.
Will gold climb again?
US President Donald Trump has indicated that the US and strict military action will be taken if Iran is not ready for peace. This can create an atmosphere of fear again in the market and investors can turn to gold again.
Aksha Kamboj says, “Gold prices will not touch the new upper level until Iran’s counter attack.”
Which factors are the market monitoring?
According to analysts, apart from the Israeli-Iran war, the market is also keeping an eye on the US economic figures and the next policy comments of the Federal Reserve. This week, two -day testimony and PCE inflation data will be important in the Congress of Jerome Powell, Fed Chair Jerome Powell.
What are the technical levels saying?
The Rahul Calvire has described some important support and resistance levels for gold and silver investors. Let’s know about it in details:
| Metal | Market | Support level | Resistance level |
| Gold | international | $ 3,335 – $ 3,315 | $ 3,380 – $ 3,400 |
| Indian | ₹ 98,650 – ₹ 98,350 | ||
| Silver | international | $ 35.75 – $ 35.50 | $ 36.35 – $ 36.55 |
| Indian | ₹ 1,05,550 – ₹ 1,04,700 |
₹ 1,07,150 – ₹ 1,08,000 |
Gold may fall by 12-15%
The Brokerage House Quant Mutual Fund has estimated in its June 2025 factory that gold prices may fall by 12-15% in the next two months in the next two months. However, funds from mid-term and long-term perspective believe that the inclusion of gold in the portfolio is still a solid strategy.
Experts believe that the risk of deepening the war between Israel and Iran is increasing. However, gold prices are not yet reacting at that level, as it was seen earlier. The market is now waiting for further action, especially Iran’s retaliation and the US economic indicators.
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