Gold Prices May Stay Volatile but Positive Next Week (Feb 24 - 28)
Gold prices in India are expected to remain volatile but moderately bullish in the coming week (February 24–28, 2026), supported by global uncertainties and safe-haven demand.
On the Multi Commodity Exchange (MCX), gold futures are likely to trade in a broad range of ₹1,47,200 to ₹1,72,546 per 10 grams, according to market estimates.
Short-Term Outlook
Analysts expect a mild dip early in the week, with prices around ₹1,58,628 on February 24, followed by a potential rise toward ₹1,69,190 by February 26. Some consolidation may be seen toward the weekend.
Support levels: ₹1,49,900 – ₹1,47,200
Resistance level: Near ₹1,60,250
A breakout above resistance could trigger fresh buying, while dips near support may attract investors looking to accumulate.
Key Influencing Factors
- Geopolitical tensions, particularly US-Iran developments, are boosting safe-haven demand.
- US interest rate expectations continue to influence global bullion trends.
- Tariff policy changes and global trade uncertainty are adding to price swings.
- Profit-booking at higher levels may temporarily cap gains.
Chennai Retail Market Trend
Retail gold prices in Chennai are expected to track MCX movements.
- 22K gold may trade in the range of ₹14,600 to ₹15,000 per gram next week.
Strong jewellery demand and investor interest could provide support during price corrections.
Overall Outlook
Despite expected volatility, the broader trend remains positive. Experts suggest a buy-on-dips strategy, as long-term technical indicators continue to favor bullish momentum.
