The gold prices rose in the domestic futures market on January 30, ignoring the weak global clues and the decision of the US Federal Reserve to stabilize benchmark interest rates at 4.25-4.50 %. Multi Commodity Exchange (MCX) was traded 0.16 % higher for 81,007 rupees per 10 grams at 9:15 am.
Despite the Fed’s policy stance, gold can make a profit
The Federal Open Market Committee (FOMC) has maintained a caution without changing interest rates after three consecutive interest rates since September 2024. Usually, higher interest rates weaken the charm of non -yielding assets like gold. However, the domestic gold prices were still solid because the investors expected future economic uncertainty.
Globally, the gold price was a post FED decision that mostly stable. Investors are also monitoring the US President Donald Trump’s trade policy on the potential tariffs in China, Mexico and Canada. Analysts believe that such policies could promote inflation and could force the Fed to maintain high interest rates.
Technical outlook and key level
Market analysts are looking at the important support and resistance level of gold and silver in the MCX and global markets. According to Manoj Kumar Jain in PrithvifinMart Commodity Research, MCX Gold is supported by 80,600-80,350 rupees and has resistance at RS 81,220-81,500. Silver, on the other hand, is supported by RS 91,100-90,450, and the resistance is 92,600-93,300. Jain proposes to purchase Silver at RS 91,400 with a stop loss and RS 93,000 goals at RS 90,650.
Rahul Kalantri, Vice President of Mehta Equities, also shared his prospects, and Gold said that it had international support of $ 2,742-2,728 per ounce, and had a resistance of $ 2,774-2,788. In the case of silver, the support is $ 30.55-30.35 and the resistance is $ 31.00-31.20.
Investor strategy: What should traders do?
Despite the global uncertainty, experts propose cautious approaches. Money is a preferred hedge for inflation, but traders should monitor geopolitical development and supply them closely. For short -term profits, analyst advises support and resistance level tracking and participating in transactions accordingly. The long -term outlook for gold is based on inflatements, Fed policies, and world trade development.
With continuous volatility, investors need to adopt a disciplined trading approach and maintain a suspension loss to effectively manage risks. Gold’s safe -haven appeal remains as it is, but the price movement depends greatly on the recent months and policy decisions in the coming months.