MCX Gold closed at ₹151,300 on Thursday, dipping below last week’s low of ₹154,000 and cementing a bearish bias that analysts say will persist until a decisive move. NewparA Abhilash Koikkara, Head of Forex & Commodities at Nuvama Professional Clients Group, flagged 148,000 as the critical support level for gold; a sustained break below could push the price toward the 144,000–140,000 zone, while a close above 155,000 would signal a return to bullish momentum. NewparA Turning to silver, the commodity sits at ₹234,600, with 225,000 as the key support and 245,000 as the immediate resistance. Koikkara notes that a sustained rise past 248,000 would confirm a bullish tilt, but current momentum points toward a continued corrective phase. NewparA In the broader market, gold and silver futures slipped 0.6% and 0.4% respectively on Thursday’s session, echoing the downward pressure that has been building across commodity markets. NewparA Traders will focus on the next breakout: for gold, a daily close above 155,000 is the trigger; for silver, a move above 248,000 is required to negate the bearish bias. Koikkara warns that consolidation will continue until either level is breached, and that any sustained break could set the stage for a new trend. NewparA Looking ahead, market participants should monitor RBI policy signals and global demand data, as these factors could influence the trajectory of both metals in the coming weeks.