Gold prices on the MCX continue to display resilience despite intermittent profit booking, with June Futures consolidating near the Rs 1.58 lakh–Rs 1.59 lakh zone after a sharp rebound earlier this month. Analysts believe the broader trend remains positive as prices continue to hold above key technical support levels, while global uncertainty surrounding interest rates, geopolitical tensions and currency volatility keeps safe-haven demand intact.
A decisive breakout above immediate resistance could pave the way for another leg of upside in bullion prices in the near term. The gold futures traded at Rs 1,59,236 per 10 grams on the MCX on Monday around 2 pm, up by Rs 557 or 0.35%.
