Gold, silver slump; analysts see 15%-35% upside by next Dhanteras
In short
Gold and silver fell, and analysts now see room for a rebound by next Dhanteras. Axis Direct said gold could rise 18% to ₹165,000-₹171,000.
The call matters for traders and investors watching precious metals. It points to a possible price recovery after the recent drop.
What the reporting says
Gold and silver fell, prompting analysts to say the metals could still gain 15% to 35% by next Dhanteras. Axis Direct gave a more upbeat view on gold, expecting an 18% rise and target prices of ₹165,000-₹171,000. The call suggests the recent drop has opened room for a rebound, though the source only provides a forecast and not a confirmed market move.
Why it matters
Gold and silver fell, and Axis Direct turned more upbeat on gold with a forecast of an 18% rise by next Dhanteras and targets of ₹165,000-₹171,000. The note also said analysts see 15%-35% gains in the metals. This is relevant for bullion traders and investors in precious metals, as the report frames the fall as creating upside potential.