Gold and silver rally may not last: MCX gold and silver futures face key resistance

Gold ($4,194.70/ounce) and silver ($60.40/ounce) rose 1.3% and 0.7%, respectively, but MCX December gold futures face near-term resistance at ₹154,000; a break above that level could lift prices to ₹160,000. MCX December silver futures remain below key resistance at ₹230,000, and the bearish bias remains as long as that level holds. The strategy recommendation is to short gold at ₹153,000 and silver at ₹229,000.