Gold prices have recently fallen below the Rs 1.5 lakh mark, sparking interest among investors wondering whether this is the right time to buy or if it’s better to wait. As geopolitical tensions rise, particularly in the Middle East, and the US dollar strengthens, precious metals have come under pressure, prompting many to reconsider their investment strategies.

Gold, which was trading at Rs 1,49,513 on the Multi Commodity Exchange (MCX), faced a dip of Rs 167, while silver dropped more sharply by Rs 1,336 to Rs 2,31,159. The primary driver behind this decline is the stronger US dollar, which makes precious metals less attractive. Coupled with ongoing global uncertainties, particularly in the Middle East, investors are adopting a cautious stance.

The situation is further complicated by rising crude oil prices and inflation concerns. Strong jobs data in the US has also dimmed hopes for an early interest rate cut by the Federal Reserve, increasing the pressure on both gold and silver. Market experts, such as Gaurav Garg from Lemonn markets, noted that the strength of the US dollar, combined with geopolitical tensions, continues to dampen investor sentiment.

Market expert Ponmudi R, CEO of Enrich Money, pointed out that gold is showing weakness at higher levels, with MCX Gold fluctuating between Rs 1,48,000 and Rs 1,49,000. A rally above Rs 1,50,000 could trigger a price increase toward Rs 1,52,000–Rs 1,55,000. However, if prices dip below Rs 1,47,000, there could be further declines toward Rs 1,45,000 or Rs 1,40,000.

Silver is also displaying volatility, with prices fluctuating between Rs 2,30,000 and Rs 2,31,000. The market has failed to show sustained buying strength, and experts suggest that resistance lies at Rs 2,33,000–Rs 2,34,000. A breakout could push prices toward Rs 2,37,000–Rs 2,40,000, but if silver falls below Rs 2,30,000, further declines toward Rs 2,25,000 or Rs 2,20,000 are possible.

In light of these factors, the mood in the market remains cautious. While it may not be the best time for aggressive buying, those looking to enter the market may want to consider buying in small amounts during price dips rather than investing all at once. For those already holding gold or silver, it may be wise to stay invested but monitor key price levels closely.

Note: This article is for informative and educational purposes only, this is not financial advice.