MCX Gold holds steady near ₹1.09 lakh per 10 gram ahead of US Federal Reserve meeting this week; check details

MCX Gold prices are consolidating at around ₹1,09,000, holding steady within the recent range of ₹1,09,800–₹1,08,600. Although the broader trend is bullish, a decisive breakout on either side of this range will provide clearer direction. Market recap (as of 4:00 pm) Gold 3 Oct Futures: ₹1,09,125/ 10 gram (▼ 0.2%) Silver 5 Dec Futures: ₹1,28,493/ 1 kg (▼ 0.2%) Crude Oil 19 Sept Futures: ₹5,549/ 1 BBL (▲ 0.4%) Technical view Gold prices sustained its gains at higher levels and are consolidating around ₹1,09,000 within the range of 9 September. While the broader trend of the gold remains bullish, traders can monitor the range of ₹1,09,800 and ₹1,08,600. A break of this range on a closing basis will provide further directional clues. GOLD-03OCT25-FUT\_2025-09-15\_14-1.webp Silver prices witnessed profit-booking and consolidation after the breakout on 12 September and is forming a bullish piercing candle on the daily chart. Additionally, it retested the immediate support zone of ₹1,27,200, witnessing support based buying. Unless silver slips below the ₹1,27,200 zone on a closing basis, it may sustain the bullish momentum. SILVER-05DEC25-FUT\_2025-09-15\_14.webp Crude oil prices extended the consolidation for the fifth consecutive session and is facing resistance around its 21-day and 50-day exponential moving averages (EMAs). The broader trend of the crude still remains range-bound with immediate resistance around ₹6,000 and ₹5,300. The break of this range on a closing basis will provide further directional clues. CRUDEOIL-19SEP25-FUT\_2025-09-15\_.webp Disclaimer: Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. The information is only for the client's consumption, and such material should not be redistributed. We do not recommend any particular stock, securities, or strategies for trading. The securities quoted are exemplary and are not recommendatory. The stock names mentioned in this article are purely to show how to do analysis. Take your own decision before investing.