Gold price prediction: Check predicted gold rate after September 15 as Silver is outperforming bullion

Gold prices are predicted to maintain their upward momentum though some consolidation could set in ahead of the US Federal Reserve's policy decision on September 17, analysts said. The Fed's two-day meeting is scheduled to begin on September 16, and will conclude on September 17, with a policy decision, followed by Chair Jerome Powell's press conference, set to draw attention amid rising tensions between the US President Donald Trump's administration and Fed officials.

Gold Price Outlook

The price of precious metals is expected to remain positive, but investors may again see some consolidation as focus turns to the US Federal Reserve's meeting outcome on September 17, Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said.


In the international market, Comex gold futures closed at USD 3,686.40 per ounce, before scaling USD 3,715.20 on September 9.

Riya Singh, Research Analyst, Commodities and Currency at Emkay Global Financial Services said that gold has now surpassed its inflation-adjusted 1980 high, crossing USD 3,700 per ounce and logging a year-to-date gain of more than 40 per cent.

According to Singh, any sustained breach above current resistance levels could accelerate the march toward the psychologically significant USD 4,000 mark on Comex later this year.

Meanwhile, silver mirrored the bullish performance of gold with sharper gains. Comex silver futures rose 1.62 per cent to settle at USD 42.83 per ounce after touching an intraday high of USD 43.04.

"Silver outperformed gold on a percentage basis, highlighting its higher beta during risk-on phases for precious metals. Last week, silver marked its highest level since 2011 and recorded a year-to-date gain of nearly 40 per cent. ETF inflows have been remarkable, with global silver-backed holdings exceeding 1.13 billion ounces valued at more than USD 40 billion, surpassing total inflows for the entirety of 2024," Singh said.

Analysts said that while the near-term outlook suggests some consolidation, the broader trend for precious metals remains firmly upward, supported by central bank buying, safe-haven demand, and expectations of monetary policy easing.

FAQs

Q1. How is gold performing?
A1. Experts said that gold has now surpassed its inflation-adjusted 1980 high, crossing USD 3,700 per ounce and logging a year-to-date gain of more than 40 per cent.

Q2. What are silver prices?
A2. Silver mirrored the bullish performance of gold with sharper gains. Comex silver futures rose 1.62 per cent to settle at USD 42.83 per ounce after touching an intraday high of USD 43.04.