Gold and silver prices today, June 9, 2025: U.S. economic data reduces hopes of lowering U.S. Federal Reserve, prices of gold and silver fall
Gold prices were weak at Monday’s meeting after a nice gain in the past week. At about 11:00 am, gold August MCX futures traded at 0.54%, or Rs 521, Rs 96,515 per 10 grams, while Silver July Futures traded at 42% or 0.04%, Rs 1,05,417 per kilogram.
Gold metal prices are a much higher than expected employment data weakened hopes of the U.S. Federal Reserve cutting interest rates. Meanwhile, upcoming trade negotiations between the United States and China are also weighing the price of gold bars, thus weakening the security needs of gold bars.
International Price Sports
Gold prices trade internationally with a loss of 0.3% to $3,336.55, while in the spot market, its positive bias is 0.14% or 4.55, at $3,314.72 per ounce. Meanwhile, silver reached $36.3 in the futures market with a 0.44% return, while in the spot market, it rose 0.42% to $36.12 per ounce.
On Friday, gold and silver settled in mixed notes on the international market. The gold August futures contract is $3,346.60 per three ounces of 0.84 ounces, while the July futures contract is $36.139, or 0.93% per Chloe ounce. The domestic market also settled with mixed bills. The gold August futures contract settled at Rs 97,036 per 10 grams, with a loss of 0.86%, while the Silver July futures contract settled at Rs 1,05,459 per kilogram, a growth of 0.97%. Prices of gold and silver were volatile very high last week, but gold prices could not maintain more than $3,400 ounces of $3,400 amid optimistic U.S. shock job opening data and rebounding with the U.S. dollar index.
Gold prices also fell in the U.S.-China trade talks, but Silver showed solid strength last week and reached a 13-year high in international markets. Silver prices have also reached their lifespan in the domestic market. Restoring US-China trade negotiations and easing European inflation support silver prices in international markets. After a long period of integration and showing strength, the silver price reached $36 per Trojan ounce level.
Gold and silver support and resistance levels
Gold’s support is $3320-3284, while resistance is $3364-3400 per ounce, Silver’s support is $35.80-35.50, while resistance is $36.45-36.80 in today’s meeting. In MCX, gold has support at 96600-96100, resistance at 97700-98200, while silver has support at 104400-103650 and resistance at 106500-107400.
Gold and silver trading strategies
Manoj Jain, Indiana commodity expert, recommends buying silver within the range of 104000-103500, with a target loss of 102400 and a target of 106500.
