Gold price prediction: What's the outlook for October 31, 2025? Why ‘buy on dips’ makes sense

Gold price prediction today: Gold prices will likely trade in a range with a neutral bias, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. Here is his strategy for gold investors: Gold prices traded in a narrow band around ₹1,21,180 as intraday sentiment remained subdued following recent volatility. The price action shows consolidation below the resistance zone of ₹1,22,400, with traders awaiting decisive cues for directional clarity. The short-term moving averages — 8 EMA and 21 EMA — are converging, indicating reduced momentum and lack of follow-through buying after the recent recovery. The RSI currently hovers near 51, suggesting a neutral momentum bias, while the MACD has turned flat with histogram readings showing minor positive divergence,