# Gold and silver retreat after sharp rally, outlook stays volatile 2026-08-06T14:17:50+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Gold and silver gave back intraday gains on Thursday after a strong recent rally, with profit-taking and a firmer US dollar weighing on international prices, LiveMint reports. MCX near-month gold eased to Rs 1,48,500 per 10 grams after briefly crossing Rs 1.50 lakh, while silver fell to Rs 2,24,322 per kg. The Times of India reported Delhi gold at Rs 1,53,800 per 10 grams and silver at Rs 2,34,800 per kg, citing weaker oil prices, lower US Treasury yields and a softer dollar as earlier supports. Technical analyst Abhilash Koikkara of Nuvama sees further upside, placing gold’s weekly target at Rs 1,52,000 and silver’s at Rs 2,38,000. Those levels depend on support holding at Rs 1,42,500 for gold and Rs 2,20,000 for silver. Global direction may hinge on US jobs data, interest-rate expectations and developments around the Strait of Hormuz. ## Coverage - timesofindia.indiatimes.com - timesofindia.indiatimes.com - livemint.com Tags: commodities, gold, market outlook, MCX, silver Canonical: https://indianopinion.org/analysts-see-further-upside-for-mcx-gold-and-silver/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/analysts-see-further-upside-for-mcx-gold-and-silver/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.