Gold, Silver Outlook Next Week, MCX Gold Falls 2.65% & Silver Slides 6.2% As US-Iran Tensions, Inflation Data Remain In Focus

Gold and silver prices ended the week lower on the Multi Commodity Exchange (MCX), with gold falling by ₹265 and silver declining by ₹62, as investors weighed rising geopolitical tensions in the Middle East against expectations of key inflation data from the United States.

Market participants remained cautious after renewed US-Iran tensions pushed crude oil prices higher, fuelling concerns that inflation could stay elevated. Higher inflation could prompt central banks, including the US Federal Reserve, to maintain a hawkish stance on interest rates, reducing the appeal of non-yielding assets such as gold and silver.

Analysts expect bullion prices to remain volatile in the coming week, with global inflation readings, US economic data and developments in the Middle East likely to dictate market direction. Investors will closely monitor any signs of easing geopolitical tensions, movements in the US dollar and changes in crude oil prices, all of which could influence precious metal prices.

Despite the recent correction, experts believe gold continues to enjoy long-term support from safe-haven demand amid ongoing global uncertainty. However, stronger inflation and the possibility of higher interest rates may keep prices under pressure in the near term. Silver is also expected to trade with high volatility, tracking both industrial demand and broader market sentiment.