Business
05 Apr, 2026
Gold, silver may remain range-bound on West Asia tensions, US data in focus: Analysts
Business To Business, New Delhi, 05 April 2026: Gold and silver are expected to trade in a narrow range with an upward bias in the coming week, as investors keep a close watch on global and domestic cues.
- Geopolitical tensions in West Asia: Any escalation or easing in the region could quickly move prices, as precious metals are seen as safe-haven assets.
- Global macroeconomic data: Indicators such as inflation, interest rates, and economic growth will shape investor sentiment.
- RBI policy decision: The upcoming review by the Reserve Bank of India mid-week will be a major domestic trigger.
Pranav Mer noted that developments in the Gulf region will remain the primary driver, with markets reacting to both escalation and de-escalation signals.
What “range-bound with positive bias” means
- Prices may not see sharp spikes or falls
- However, the overall trend could tilt slightly upward, especially if uncertainty persists
- Gold and silver typically gain during uncertainty and volatility
- If geopolitical risks intensify or inflation concerns rise, upward momentum could strengthen
- Conversely, easing tensions or stronger economic data may cap gains
In short, markets are likely to stay cautious, with
global tensions and RBI signals guiding the next move in precious metals.