Gold price prediction today: Will gold, silver prices continue to fall? Check September 2, 2026 outlook - timesofindia.indiatimes.com

AI desk brief

Gold and silver are under near-term pressure after the Jackson Hole repricing of Fed policy, with spot gold down from a three-month high of $4,697/oz to below $4,300/oz, roughly 9% off the peak. The article frames the move as a hawkish shift driven by Kevin Warsh’s inflation focus, rising Treasury yields and a firmer dollar, while markets now price nearly a 70% chance of a 25bp Fed hike this month.

Domestic Indian sentiment has also weakened: rumours of an import-duty cut briefly pushed MCX silver to a discount versus international prices, but it has since moved back to a premium without any official announcement. Separately, Prime Minister Modi’s remarks urging restraint on gold buying are seen as negative for local jewellery demand, though the piece notes this is unlikely to materially move global prices.

Near term, the key catalysts are US payrolls on Friday, followed by inflation data next week, with DXY, Treasury yields, oil and geopolitical headlines likely to steer bullion. The stated technical range for spot gold is $4,200–$4,450/oz, with $4,300/oz the pivot; a close below that level could open $4,200–$4,220/oz, while a rebound could extend toward $4,450/oz. For silver, volatility is expected to remain elevated given the mix of monetary-policy sensitivity and industrial-demand exposure, with spot quoted at $63.70/oz and support/resistance at $60–$61.50 and $65.50–$68.50, respectively.