Bullion Market Awaits Economic Data, Interest Rate Clues

The bullion market is bracing for key economic data releases this week that could influence gold and silver prices.

Investors are awaiting the US non-farm payrolls report, a closely watched indicator of the Federal Reserve's next interest rate move, along with purchasing managers' index (PMI) data from major economies.

The stability of crude oil supplies through key shipping routes and developments related to the US-Iran conflict will also impact market sentiment.

LKP Securities' Jateen Trivedi predicts that MCX gold will remain within a limited range, trading between Rs 1.40-1.44 lakh per 10 grams in the near term, pending US macroeconomic data and evolving expectations around the Fed's policy path.