USDINR has strengthened nearly ₹1.70 from 97 levels, which is keeping pressure on domestic bullion prices despite upside movement in COMEX Gold & Silver after fresh comments from Donald Trump regarding possible peace progress in the Middle East war situation.
Gold
Range: 161000 – 157500
Our Preference: Sell Gold @ 160000 for target 157500 with Stop Loss 160700
Alternative Scenario: Buy Gold @ 157500 for target 159300 with stop Loss 157200 below
Trading Zone
161200 remains the last sell zone for the day
Silver
Range: 279000 – 265000
Our Preference: Sell Silver @ 277000 with Backup Sell @ 280000 for target 270000 & 266000 with Stop Loss Above 282000 only if sustained
Alternative Scenario: Buy Silver @ 265000 for target 274000 with Stop Loss 263000
Trading Zone
Silver is stuck in a short-term 1-hour range
284000 is the breakout zone in case of sudden upside momentum on fresh news flow
Key Market Drivers
Stronger USDINR is limiting upside in Indian bullion despite COMEX strength
COMEX Gold & Silver gained after Trump comments on possible peace developments
Dollar weakness and lower bond yields supported precious metals globally
Traders remain highly sensitive to Middle East headlines and Iran negotiations
Volatility expected to remain high due to geopolitical uncertainty
Latest Trump & War Headlines (Points Only)
Trump said framework for Iran peace deal is “largely negotiated”
Possible reopening of Strait of Hormuz discussed in negotiations
US naval blockade on Iran reportedly still remains active
Markets reacting sharply to every Trump statement on war & peace talks
Oil prices remain volatile due to Middle East uncertainty
Traders watching inflation impact and Fed rate expectations closely
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