Gold, silver price prediction: Will MCX Gold trade with negative bias? check outlook on October 8, 2026 - The Times of India

AI desk brief

Nuvama’s Abhilash Koikkara sees MCX gold and silver as range-bound with a bearish near-term bias. For gold, the desk view is to sell on rallies while prices stay below Rs 1,52,000, with downside target at Rs 1,45,000; current price is Rs 1,49,375 with stop loss at Rs 1,52,000.

Silver is also seen as negatively poised, with resistance at Rs 2,30,400 and downside target at Rs 2,15,000. Current silver price is Rs 2,24,765, and the preferred stance remains cautious on longs unless the metal reclaims the resistance zone.