Gold and silver price prediction today: Gold prices and silver prices continue to exhibit a bullish trend, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:

MCX GOLD Price Outlook

MCX Gold continues to remain on a bullish trajectory, despite witnessing some correction ahead of the recent Federal Reserve meeting. The pullback was more of a profit-booking phase rather than a trend reversal, as the broader sentiment for gold still favors the upside. Currently, gold prices have approached a very crucial support zone around ₹1,09,000 levels, which is likely to act as a strong floor for the metal. As long as prices sustain above this level, the overall structure remains positive, keeping buyers in control.The resilience of gold at this support indicates that market participants are still positioning themselves for higher levels. Key drivers such as global uncertainty, demand for safe-haven assets, and expectations of interest rate policies continue to lend strength to the metal. Technically, holding above the support opens the possibility of a move towards ₹1,11,000 levels in the near term. A decisive breakout above this level may further extend the bullish momentum.On the downside, a breach below ₹1,09,000 could invite fresh selling pressure, but until that occurs, the outlook stays constructive. Traders and investors are advised to remain cautiously optimistic, with a focus on buying at dips near the support zone.

MCX Gold Trading Strategy

MCX Silver Price Outlook

MCX Silver witnessed a healthy correction from ₹1,30,000 to ₹1,26,000 levels ahead of the recent Federal Reserve meeting, as traders preferred to book profits and stay cautious before the policy outcome. However, this decline appears more like a short-term retracement rather than a reversal in trend. The broader structure of silver continues to remain positive, supported by robust industrial demand, safe-haven buying, and global cues that favor precious metals in the medium term.Currently, silver is finding strong support near ₹1,25,000 levels, which is expected to act as a cushion against further downside. As long as prices sustain above this zone, the bias remains firmly upward. On the higher side, silver has the potential to rebound towards ₹1,29,000 levels, a zone that may act as immediate resistance. A sustained move above ₹1,29,000 could even pave the way for retesting the ₹1,30,000 levels once again.From a technical perspective, dips towards support are being viewed as fresh buying opportunities by traders, indicating continued bullish sentiment. On the flip side, a break below ₹1,25,000 may invite additional weakness. Until then, the outlook remains constructive, and investors may consider a buy-on-dips strategy.

MCX Silver Trading Strategy

(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

New Delhi: The middle-class definition in India has been a topic of discussion for quite some time now. Due to increased earning possibilities and social media influence on living standards, the definition has become increasingly unclear. A recent podcast by Rahul Jain, where he explored the issue of whether an annual salary of Rs 70 is ‘middle class’ in India, raised the discussion once again.

Responding to the question, CEO of Edelweiss Mutual Fund Radhika Gupta said that in theory, an income of Rs 70 lakh counters the middle-class notion.

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Radhika said that all of us are above middle class and explained that having a salary of 70 lakh does not define a middle-class individual. “What we now like to call middle class is almost cool,” she told Jain. She said, “The reality is – none of us are middle class. The technical definition of middle class cannot be Rs 70 lakh of income. Rs 70 lakh is upper class.”

The Edelweiss CEO claims that numerous professionals in metropolitan cities in India are of the opinion that earning in seven figures is an underpayment. The continuous pressure from social media, high rent and increased standard of living leads more to the conclusion that salary is sufficient. High earners continue to identify as “middle class” due to their upbringing which Radhika views as an identity crisis.

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The Edelweiss CEO said that while all of us have a middle-class background but today most of us are not middle class anymore. “All of us come from middle-class roots. We have middle-class psychosis, middle-class thinking, grandparents who were middle or lower middle class,” she said. “We hold that word very dear to us. But let’s be real, most of us are not middle class anymore,” Radhika said.

According to Radhika, the true middle-class earns between Rs 5–8 lakh annually and not Rs 70 lakh. She believes that it is “meaningless” to assign a single label to all 140 crore people in the country. She says around 10 crore people earn around Rs 10 lakh-Rs 12 lakh per year while more than 100 crore live under Rs 1.7 lakh.

Social media is making it harder to define what the middle class is. She said, “I spoke to a Gen Z kid. I asked why they’re resistant to 60–70 hour work weeks. He said, ‘We have to go to the gym, maintain fitness, take vacations—because we’re competing on social media.’”

According to Radhika, social media comparisons between users exacerbate money anxiety. “The conflict between saving and spending always existed. But today, it’s exaggerated,” she says.

The Edelweiss CEO says that Rs 70 lakh is a high income on paper. However, this amount of money “never feels like enough” in the minds of the general public.