Gold, Silver Price Prediction: Bull run for precious metals next week amid Israel-Iran escalating tensions - Expert give new targets

Gold and Silver Price Prediction Next Week: The prices of gold and silver are expected to open significantly higher on Monday, March 2, after Israel and the United States launched a ‘preventive’ attack against Iran on Saturday, further escalating tensions in the Middle East. As the tensions between Israel and Iran deepen, this might push investors towards safe-haven assets, market experts said.

Experts believe that rising uncertainty following Israel’s preventive strikes on Iran could drive investors towards gold and silver, boosting prices further.

Currently, COMEX gold is facing resistance around $5,300 per ounce. MCX gold has surpassed the Rs 160,000 mark and is stable around Rs 162,000 after breaking out of a previous consolidation range.

On the technical front, MCX Gold has moved decisively above the Rs 1,60,000 mark after breaking out of a previous consolidation range. MCX Silver has also witnessed a strong breakout, accelerating towards the Rs 2,80,000 to Rs 2,85,000 range.

On Friday, gold prices climbed Rs 1,800 to Rs 1,64,700 per 10 grams in Delhi, driven by fresh buying by jewellers and stockists, according to the All India Sarafa Association.

The precious metal of 99.9 per cent purity closed at Rs 1,62,900 per 10 grams on Thursday.

However, silver extended losses for the second consecutive day, declining Rs 2,500, or nearly 1 per cent, to Rs 2,68,000 per kilogram (inclusive of all taxes) from the previous close of Rs 2,70,500 per kg, as per the association.

In the international market, spot silver gained USD 1.42, or 1.6 per cent, to USD 89.72 per ounce; however, gold was trading marginally lower at USD 5,172.17 per ounce.

Gold, silver price prediction next week: What expert Ajay Kedia said

Ajay Kedia of Kedia Advisor said that amid rising tensions in the Middle East, gold and silver prices are likely to see a rise in the upcoming days. He stated that gold and silver may remain in the spotlight next week as well.

Kedia said that as long as gold maintains above Rs 156,000 in the domestic market, it could reach Rs 166,000. In the international market as well, gold could soon reach levels of $5,400 to $5,500 if $5,250 or $5,260 is broken.

Kedia noted that the impact of the Israel-Iran war will be seen on Monday, and this fear tends to drive gold prices higher.

“As we saw, a cloud is forming between the US and Iran tensions…It's possible that the fighting could escalate. It could lead to a ceasefire, as the third round of talks is scheduled. But ultimately, it seems that escalation will increase,” Kedia noted.

“The way we see the global VIX continuing to rise indicates that uncertainty remains. Brent crude oil continues to trade above $70. The dollar index is also trading around 97.50. Gold has now reached $5200 internationally and in the domestic market as well. We saw gold rise by approximately 3.5%, almost reaching Rs 162,900,” the analyst said.

“Meanwhile, silver saw a 10% increase. It has reached support above $90. As I mentioned earlier, $70 is very important. If it stays above this level, it could show promise. Expiry is also a factor, and considering this, the domestic market is also considering the timing. It has crossed 280,000. For the time being, we believe that gold and silver are supported by geopolitical tensions, he added.

For the next week, he said, “I believe gold and silver will remain in the spotlight. As long as gold maintains above Rs 156,000 in the domestic market, it could easily reach Rs 166,000. Given the geopolitical risk, we also believe that if the $5250-$5260 levels are breached, it could see a rise to $5450 and $5500. This is an early action plan, given the tensions between the US and Iran.”

“We recently saw some attacks between Israel and Iran. The extent of their impact will be known on Monday. But overall, when there is fear, gold rises,” he added.

Ajay Kedia on silver price prediction on Monday, March 2

Regarding silver, Kedia said that China has now returned from its holidays, which is likely to benefit silver.

He noted that buying in ETFs is ongoing and it has already breached the $90 level. “The immediate target is $97.60, but we may see it surpass $100. Regarding the domestic market, we could see silver reach levels between Rs 295,000 and Rs 300,000,” Kedia said.

He added that like gold, silver will also likely see a rise next week due to geopolitical tensions.

Bullish setup forming again: Kedia Advisory

According to a report by Kedia Advisory, the year 2026 began with significant volatility for gold. On January 9, prices surged sharply to around $5,597-$5,600 per ounce, but within just four trading sessions, the market fell sharply collapsed to around $4,400, wiping out over $1,100 in value.

This sharp correction was driven by increased margin pressure and the liquidation of large speculative positions.

Since that crash, gold has been consolidating within a narrow band. Elevated margins and reduced speculative participation kept the market subdued, leading many investors to fear another decline. However, technical and macro indicators now indicate that the market structure is gradually turning bullish again.

Technical setup strengthening: Kedia Advisory

According to the report, the second major signal is coming from the MACD indicator, which is poised to cross above the zero line. The last time this happened, on January 9, gold rose from around $4,488 to $5,600. A similar technical structure appears to be forming this time.

The RSI is currently around 60, indicating constructive momentum, but not overbought conditions. In January, the RSI reached extreme levels of 88–90, before a correction. This time, momentum is considered balanced and sustainable.

On Saturday, Iran was rocked by massive explosions after Israel launched what it described as “preventive” missile strikes against Iran, dramatically escalating tensions in the region.

Meanwhile, earlier in the day, the Israel Defence Forces (IDF) said in a social media post on X that sirens were sounded throughout Israel, with an advanced instruction alert directly to cellular devices to stay within proximity to protected spaces.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)