Gold prices have significantly declined from their April peak due to easing geopolitical tensions and a US-China trade deal. MCX Gold June futures hit a low of Rs 92,975/10 grams, while silver contracts saw a slight increase. Analysts suggest monitoring volatility and recommend buying silver on dips, advising caution with gold trading in the current market conditions.
Volatility to persist across markets amid unstable technical structure: Rajesh Palviya
Nifty is consolidating between 24,500 and 25,200, with 25,000 acting as resistance. Bank Nifty underperforms, potentially falling to 55,000 if it breaks 55,500. Crude oil
June 16, 2025