Bullion signals point to potential rebounds in gold and silver futures after key support holds

A market analysis published on June 27 said gold and silver futures logged sharp weekly losses, with international gold down 1.6% and silver down 8.8%, while India’s MCX gold futures fell 2.1% and MCX silver futures slid 6.4%. The analysis said both contracts have reached key support zones and are showing early signs of short-term stabilisation. It flagged ₹1,44,000 as a key level for gold futures, with scope to rebound toward ₹1,50,000 if it holds, and ₹2,23,400 for silver futures, with a potential move toward ₹2,40,000 if support remains intact.