Latest News
Indian Rupee weakness is becoming unstoppable — USDINR has now reached 96.20 and may extend towards 98.20 before any major correction.
India has now restricted most silver imports to reduce import bills and support the rupee amid the West Asia crisis.
India currently stands as the world’s No.1 silver importing nation, driven by:
Solar demand, EV industry, Electronics manufacturing, Investment buying, Jewellery & bullion demand
Biggest Silver Suppliers to India
UAE
UK
Hong Kong
China
Switzerland
Market Impact of India Silver Restriction
Strong Indian silver demand + government restrictions can create:
Stronger MCX premium
Physical silver shortage
Higher delivery pressure
MCX disconnect from COMEX pricing
Sudden volatility spikes in Silver
Especially during:
War escalation
Rupee weakness
Import duty hikes
China export restrictions
Silver Long-Term Outlook
After India’s silver restriction move and continuing industrial demand, Silver may witness another aggressive rally phase in coming months.
If COMEX Silver moves towards 60$, MCX Silver can again test: 2,25,000 – 2,30,000
Gold
Range: 161000 – 152300
Our Preference: Sell Gold @ 159632
SL: 160200+ only if sustain
Targets: 156300
Below 155500 target extended towards 152300
Alternative Scenario: Sell Gold @ 161000
Targets: 156300 & 152300
SL: 161800+ only if sustain
Trading Zone
156340 Buy with SL 155950 Target: 158000 (Session Call)
Silver
Range: 277000 – 265000
Our Preference: Sell Silver @ 277000
Targets:266000
Below 263500 target extended towards 255000
with Stop loss only above 279500+ if sustain
Alternative Scenario: Buy Silver @ 265000
Target: 273000
SL: 263500 (Only for intraday)
Trading Zone
279500 Breakout Buy for target 284500
Positional Call: Sell Silver positional targets:
248000
230000 again
Important Observation
MCX Gold & Silver are currently trading heavily influenced by:
USDINR spike
War premium
Physical demand
Import restrictions
Global inflation fears
Any escalation in Iran conflict or Strait of Hormuz disruption can create extreme volatility in:
Crude Oil, USDINR, Gold, Silver
Traders are advised to maintain strict risk management due to high geopolitical uncertainty.
Disclaimer
This report is only for educational and market information purposes. Commodity trading involves substantial risk due to market volatility. Trade with proper risk management and consult your financial advisor before taking any position.
