Gold Silver Rate: Gold and silver will remain under pressure this week, if the dollar strengthens, Iran crisis will increase

• The strength of the US dollar, geopolitical tensions related to Iran and several key economic data will determine the direction of the market

• Therefore, investors should pay attention to global cues instead of making hasty decisions

• Pressure will be felt in the price of gold and silver

According to experts, in gold and silver prices At present, recessionary trend is observed. Escalating tensions between the US and Iran, fluctuations in crude oil prices and economic data from major global economies could impact the market. This week, investors will be keeping a close eye on manufacturing and services sector PMIs, Eurozone inflation figures, US non-farm payrolls and the unemployment rate. These figures can provide clues about the future interest rate movements of the US central bank.

Gold and silver prices fell significantly last week

Last week, in the domestic market gold and silver The prices of both of these fell significantly. Gold futures for August delivery on the Multi Commodity Exchange (MCX) fell by around 2.06 per cent, or about ₹3,041 per 10 grams, to close at around ₹1.44 lakh. Silver prices for September delivery fell by around 6.4 per cent, or about ₹15,269 per kg, to around ₹2.23 lakh per kg. This decline signals to investors that there is currently selling pressure in the market.

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Impact of strong dollar and oil prices

According to market experts, the strength of the US dollar has affected the demand for precious metals like gold and silver. When the dollar strengthens, investors often prefer to invest in silver rather than gold. On the other hand, the recent decline in crude oil prices has eased some inflationary concerns. When inflation rises, investors generally consider gold a safe investment, but as inflationary pressures ease, gold’s appeal has waned. Due to this, the bullion market has been under pressure for the past few days.

Global events will also determine the direction of the market

Although gold prices improved slightly over the weekend, experts attributed this to limited buying. Some US economic data showed a drop in inflation, giving some relief to the market. Additionally, continued gold purchases by China’s central bank, US-Iran tensions and talks of possible new US tariffs on Europe also provided some support to prices. Despite this, silver remains under pressure due to rising US bond yields and weak demand for industrial metals.

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What should investors do this week?

According to experts, the trend of gold and silver this week will mainly depend on the US economic data, the reactions of the Federal Reserve officials and the movement of the dollar. If the dollar remains strong and there are more solid signals on interest rates, pressure on precious metals could continue. However, if global tensions rise or economic data remains weaker than expected, demand for gold as a safe-haven investment could pick up again. Therefore, it would be preferable for investors to take informed investment decisions by keeping an eye on market signals, avoiding hasty buying and selling due to short-term fluctuations.