Current gold and silver prices: Profit-booking put pressure on the US Dollar Index following Friday’s release of the January US CPI data, which revealed a 0.30% increase in US inflation compared to the December US CPI data. After reversing all of the intraday gains, the US Dollar Index ended the day slightly lower at 96.82.
The market was anticipating US CPI data for January 2026 to be 2.50%, therefore this weakness in the US dollar allowed gold and silver prices to continue their intraday gains. In January 2026, however, the real US inflation rate was 2.40%. In the US Dollar positions, this was insufficient to stop the profit-booking trigger, though. Prior to the US Fed meeting on March 17–18, 2026, this put an end to the rumors that the US Fed will decrease interest rates.
Market analysts predict that the weak US CPI statistics would exert pressure on US dollar rates. So, when trade starts up again on Monday, bulls are likely to be interested in buying gold and silver. They stated that the current COMEX gold rate is over $5,000/oz and that it will encounter a barrier at $5,150/oz. The closing price of gold on the global market might soon reach $5,350/oz if it breaks over this level.
Similarly, today’s COMEX silver rate of $85/oz is encountering a barrier. We can anticipate that the COMEX silver rates will go into the $90–$110 per ounce area if they close above this resistance.
Anuj Gupta, a market expert registered with SEBI, advised gold and silver investors to keep an eye on the movement of the US dollar rates. He stated, “The US CPI data released on Friday indicates a rise in US inflation, which is expected to put the US Dollar Index under pressure.” Therefore, it is anticipated that the prices of gold and silver would open higher on Monday.
According to Anuj Gupta, when the FOREX market starts on Monday, the market anticipates pressure on the US dollar. In the short term, it is anticipated that the prices of gold and silver will continue to have a sideways-to-positive leaning.
It is anticipated that the US Federal Reserve would be forced to postpone any plans for rate cuts at the next US Fed meeting in March 2026 because to the increased US inflation figures. According to Anuj Gupta, the increased inflation also indicates that the US economy is not doing well, which could increase economic uncertainty and the demand for gold and silver as safe havens.
Speaking about the important levels for the COMEX gold rate today, Ponmudi R, CEO of Enrich Money, stated that the USD/INR relative firmness is helping the MCX Gold maintain its structural resilience in the face of global consolidation.
The ₹1,50,000 support band is still a good place to absorb demand since it draws in both investment and physical buying, which strengthens the medium-term rising channel’s integrity. Lower-level price behavior suggests accumulation as opposed to distribution.
The CEO of Enrich Money continued, “Unless COMEX gold decisively breaches its structural support clusters, a sustained move over ₹1,60,000 would likely re-ignite bullish momentum toward ₹1,65,000 to ₹1,70,000+, while meaningful downside risk remains minimal.”
According to Ponmudi R of Enrich Money, COMEX Silver is steadily stabilizing within the $71–$80 structural demand corridor, but it is still comparatively more volatile than gold. This region is more technically significant because it is consistent with earlier consolidation structures and channel support. The underlying industrial demand narrative is still in place even though speculative flows have decreased.
Over the medium term, a sustained trade over $85 would significantly increase the likelihood of an extension toward $90–$105. Ponmudi continued, “A breakdown below $71 does not instantly invalidate the broader fundamental uptrend, but it may prolong the consolidation phase.
The MCX Silver rate is still forming a strong foundation within the ₹2,33,000 to ₹2,35,000 structural support zone, according to the Enrich Money analyst. The price action shows a slow absorption, and the downside momentum is noticeably less strong than it was during the previous week’s volatility increase. At these levels, volatility compression indicates accumulation as opposed to liquidation.
“With the help of tightening global supply dynamics and strong industrial offtake, a convincing breakout above ₹2,65,000 would likely attract momentum participation, targeting ₹2,80,000+ in the medium term,” Ponmudi added.
