• Macroeconomic volatility drivers: Gold and silver price fluctuations are being driven by rising crude oil prices, US inflation data, and anticipation around the Federal Reserve's interest rate decision.
• Consumer buying strategy: Buyers and jewellers are advised to maintain a wait-and-watch approach for four to five days until the mid-September Fed decision provides clear market direction ahead of festive and wedding demand.
• Gold price outlook: While brokerage targets average around 1,70,000 by Diwali, gold is expected to comfortably rise from current levels of 1,51,000–1,52,000 to between 1,57,000 and 1,60,000.
• Silver price projections: Reaching 3 lakh is considered distant, but silver can recover from its recent 10% correction to reach 2,55,000–2,60,000, and potentially up to 2,75,000 by Diwali under strong bullish sentiment.