Gold reached an all-time high of $3065 (~Rs 89800) as the Federal Reserve hinted at two probable interest rate cuts this year. This bolstered metal’s attractiveness despite continued geopolitical and economic difficulties, prompting gold to post 16 new highs so far in 2025, four of which exceeded the $3000 mark.

On Wednesday, the Fed left its benchmark overnight rate constant in the 4.25%-4.50% range, but geopolitical concerns persisted as the Israeli military launched ground operations in central and southern Gaza, killing at least 48 Palestinians in airstrikes.

The Trump administration’s initial policies, including extensive import tariffs, appear to have pushed the U.S. economy toward slower growth and, at least temporarily, greater inflation, both of which are supporting the gold rise.

Technical Triggers      

Gold Apr Futures after having achieved the $3035 (~Rs 88800) milestone, now is expected to extend this run up towards $3080 (~Rs 90000) in the coming weeks. After that, we can see some retracement and profit-booking, which can extend down to $2800 and $2700 maximum.

While Silver May Futures has also climbed above $34(~Rs 100,000) on strong demand, the next resistance for the prices is $35(~Rs 103,000).

Support and Resistance

International Gold Support level: $2990/oz,International Gold Resistance level: $3080/oz,Indian Gold Support level: Rs 87600/ 10 gm,Indian Gold Resistance level: Rs 90000/ 10 gm

International Silver Support level:34/oz, International Silver Resistance level: $35/5oz,Indian Silver Support level: Rs 99600/ kg,Indian Silver Resistance level: Rs 103,000/ kg