India, June 3 -- Gold and silver prices in India are witnessing a period of high-level consolidation as commodity markets balance persistent geopolitical tensions against a firm US dollar, sticky inflation, and fading expectations of near-term Federal Reserve interest rate cuts. On the Multi Commodity Exchange, gold futures managed to exhibit some resilience by holding above key historical thresholds, while silver faced mild pressure following its recent cyclical highs.

Specifically, the gold futures August 2026 contract is trading slightly higher in today's session, hovering at approximately Rs. 1,59,730 per 10 grams to mark a minor intraday gain of 0.21%. On the technical charts, immediate overhead resistance is placed at Rs. 1,62,700...