Silver climbs Rs 2,100/kg, but gold prices fall as focus shifts to inflation data amid Iran war. Key levels to track

Silver and gold traded mixed on the MCX as silver extended gains while gold slipped on profit-taking after last week’s rally. Silver futures rose Rs 2,134 to Rs 2,33,600 per kg, while gold futures fell Rs 360 to Rs 1,51,461 per 10 grams. Markets are now focused on US CPI and PPI data this week, which could shape expectations for the Federal Reserve’s September rate decision. Softer US jobs data and rising geopolitical tensions in the Middle East continue to support precious metals overall, but near-term gold prices are being capped by profit booking. Spot gold edged down 0.5% to $4,322.28/oz and spot silver slipped 0.2% to $63.45/oz. The article frames a cautious but still constructive backdrop for silver and gold, with support and resistance levels highlighted for traders.