Amid global uncertainty, will gold and silver prices rise further this week? Learn what experts say.:Experts believe the Federal Reserve may not change interest rates this month, but given the weak labor market and signs of inflation, there is a possibility of rate cuts at least twice this year.

News Topical, Digital Desk : Gold Price Predictions: Amid ongoing global uncertainty and geopolitical tensions, gold and silver prices are expected to remain strong next week. According to market experts, investors are keeping an eye on several major developments, including the US Supreme Court hearing on trade tariffs in the US, the Federal Reserve's upcoming monetary policy meeting, and the Union Budget to be presented in India on February 1st.

All of these factors can have a direct impact on both the international and domestic precious metals markets. In particular, any changes to import duties or taxes in the budget could lead to sharp fluctuations in gold and silver prices in India.

Silver crosses Rs 3 lakh for the first time

Last week, gold prices surged by nearly 9.5 percent on the domestic futures exchange market (MCX) to reach an all-time high of ₹1,59,226 per 10 grams. Silver, on the other hand, surged even faster, jumping nearly 16 percent to surpass the ₹300,000 per kilogram mark for the first time. In the international market, gold reached near-record levels of nearly $5,000 per ounce on COMEX, while silver surpassed the historic $100 per ounce mark for the first time. This surge was primarily driven by US-Iran tensions, fears of a global economic slowdown, dollar fluctuations, and growing demand for safe haven investments.

Experts believe the Federal Reserve may not change interest rates this month, but given the weak labor market and signs of inflation, there is a possibility of rate cuts at least twice this year.

Expectations of interest rate cuts typically support non-interest-bearing assets like gold and silver. Furthermore, US President Donald Trump's increasingly tough and dovish statements on tariffs have also increased market volatility, leading investors to increasingly seek safer options.

Temporary decline warning

However, experts are also warning that after such a sharp rally, there may be occasional profit-booking, leading to a temporary decline in prices. Overall, as long as global tensions, economic uncertainty, and uncertainty about policy decisions persist, gold and silver prices are expected to continue to receive strong support. Therefore, investors are advised to view the decline as a buying opportunity, rather than a signal to panic and exit the market.