By Admin 
Gold Price Forecast: Discussions are in full swing regarding war between America and Iran. On top of this, the atmosphere of uncertainty has deepened due to the Supreme Court’s decision on tariffs. In such a situation, the demand for gold as a safe haven may increase. Due to this, there is a possibility of rise in prices in the coming time.
The price of gold on MCX increased slightly this week and closed at Rs 156,993 per 10 grams. Whereas last week its closing price on MCX was Rs 156200. Similarly, the price of gold on COMEX closed at $ 5080 per ounce, whereas last Friday it closed at $ 5043 per ounce.
Gold and silver prices will remain in focus
The US Supreme Court canceled President Donald Trump’s worldwide tariffs, considering them illegal. On this, market experts say that this decision of the Supreme Court has created uncertainty regarding business. Apart from this, geopolitical tensions and macroeconomic conditions amid increasing talk of war between US-Iran are providing a structurally supportive background for gold and silver prices.
There was a rise in the prices of gold and silver on Saturday also. Strong trend reversal was seen in the rates of 24-carat, 22-carat and 18-carat gold. Investors will keep an eye on these developments in the new week starting from 23rd February. Even the slightest movement in these can affect the prices of gold and silver.
Uncertainty over US Fed’s rate cut
There are also uncertainties regarding the cut in interest rates by the US Federal Reserve. According to the report of Live Mint, while talking on this, Sugandha Sachdeva said that the pace of GDP growth in America remained slow in the fourth quarter of 2025, which came down to 1.4 percent, whereas the expectation was 3 percent. This further strengthened the talk of rate cut by the Federal Reserve. At the same time, the PCE price index increased by 2.9 percent annually in January, which is slightly more than the estimate of 2.8 percent, which shows that inflationary pressure remains.
However, members of the US Fed are currently on ‘wait and watch’ mode. Since inflation still remains above the Fed’s 2 percent target and employment figures are also stable, a hasty decision to cut rates cannot be taken right now. In such a situation, it is possible that the Federal Reserve may not make any changes in the interest rates in March and keep them stable at the range of 3.50-3.75.
The Central Bank controls inflation by increasing the policy rate. If the policy rate increases, it becomes expensive for banks to take loans from the Central Bank. In such a situation, loans are also given to customers at expensive rates. Due to this, the flow of money in the market reduces, demand for goods decreases and inflation reduces. Sugandha further said, “This combination of slow growth and persistent inflation is increasing volatility in asset classes, especially precious metals.”
Will gold prices reach its peak?
Will gold prices reach new highs amid talk of the US-Iran war and uncertainty over trade following the US Supreme Court’s decision on tariffs? On this, Sugandha Sachdeva said, “Technically, gold remains well supported in the domestic market around $ 4880 per ounce and Rs 1,49,800 per 10 grams. Currently, resistance is visible around $ 5100 to $ 5120 per ounce and Rs 1,61,000 per 10 grams. If there is a continuous break above these levels, the prices will reach $ 5350 at the international level. And at domestic level it can reach Rs 1,75,000 per 10 grams.
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