Gold prices are trading with a bearish bias due to escalating Middle East tensions, inflation concerns, and expectations of a continued restrictive US monetary policy. Higher oil prices and a stronger dollar are weighing on bullion, with attention turning to upcoming US economic data.
Gold prices are trading with a bearish bias due to Middle East geopolitical tensions fueling inflation concerns and strengthening expectations of a US Federal Reserve rate hike. Technical indicators suggest a continued downtrend unless key resistance levels are reclaimed.
Gold prices may see limited upside due to persistent high US inflation, according to Manav Modi, Senior Analyst at Motilal Oswal. While a weaker dollar and softer labor data initially boosted gold, inflation above the Fed's 2% target prompts caution on rate cuts.
Motilal Oswal Wealth Management Research Desk recommends State Bank of India (SBI) and Bharat Electronics as top stocks to buy for the week of June 22, 2026. SBI is favored for its strong deposit and lending leadership, while BEL is highlighted for its dominant position in defense electronics.
Motilal Oswal recommends Samvardhana Motherson and Zydus Wellness as top stocks for the week of May 25, 2026. Both companies show strong growth potential driven by robust performance, strategic initiatives, and expanding market presence.
Motilal Oswal Wealth Management recommends Syrma SGS and Max Financials as top stocks for the week of May 18, 2026. Syrma SGS shows strong growth in Consumer and Auto segments, while Max Financials' life insurance arm reports robust APE and VNB growth.
Motilal Oswal Private Wealth is deploying 20-25% cash holdings into high-conviction themes, with power (particularly renewables/solar) as top allocation given expected electricity demand growth to 271 gigawatt. Auto ancillary export opportunities via upcoming FTAs and mid-size private sector banks are secondary themes, while IT remains avoided due to execution challenges.
Gold prices are consolidating after sharp swings, with the current price attempting to stabilize around the mid-band (20 DMA). Technical analysis shows a short-term flag/triangle continuation pattern, with immediate support at Rs 150,500 and resistance at Rs 155,500. A decisive close above Rs 158,000 could resume the broader uptrend, while a break below Rs 148,500 may shift momentum bearish. Market focus this week centers on rate decisions from the Fed, BOJ, and ECB, along with US economic data including consumer confidence, GDP, and inflation.
Motilal Oswal Wealth Management Research Desk has identified Tata Steel and Cyient DLM as top stock picks for the trading week starting April 27, 2026. Tata Steel offers 14% upside with target price of Rs 240, driven by 8-10% steel demand growth and capacity expansion. Cyient DLM presents 26% upside with target price of Rs 470, supported by a 10-quarter high order book of Rs 24.2 billion and expansion into AI infrastructure and automotive sectors.
Gold price prediction today: Gold prices are expected to continue being volatile in the coming days on uncertainty related to the US-Iran war and inflation data this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
Motilal Oswal Wealth Management Research Desk recommends MTAR Technologies (target Rs 6000, 24% upside) and Bharat Electronics (target Rs 520, 12% upside) for the trading week starting April 20, 2026. MTAR is positioned to benefit from expanded Oracle-Bloom Energy partnership with incremental orders of INR 14-17 billion, while Bharat Electronics has a robust ₹730b order book and expected revenue growth exceeding 15%.
