Currency Markets Subdued Ahead of Pivotal Central Bank Week
- On Saturday, October 31, 2026, 24K gold in India reached Rs 13,888 per gram, reflecting a decrease of Rs 338 from October 30 following the Dussehra period.
- Heightened market volatility and sensitivity to supply-demand shifts during the festive season drove recent price adjustments, while global selling pressure exerted downward force on valuations throughout October 2026.
- Major jewelers including Tanishq, Kalyan Jewellers, Malabar Gold & Diamonds, and Joyalukkas reported lower 22K rates, with 22K gold trading at Rs 12,730 per gram as of October 31, 2026.
- Stubborn inflation and interest rate expectations from the US Federal Reserve continue to influence bullion, with elevated energy prices increasing the opportunity cost of holding non-yielding gold.
- Retail demand is expected to strengthen further ahead of Diwali, India's biggest festival, supporting the domestic gold market despite short-term festive volatility and broader global pressures.
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211 Articles
On Monday, after a wave of declines that pushed yellow metal to its lowest levels in recent years, gold futures registered delivery of about $39.75 per ounce, up by $16.85, or 0.43%, compared with the previous closing price of $3898.90. Despite the daily rise, prices still show losses in the wider range, falling by 3.05% within a week, 5.94% within a month, and 15.71% within six months. By contrast, technical indicators showed continued pressure…
Investors now appear to be rejecting their former favorite.
Gold Sinks to One-Year Low Near $3,880 as Silver Breaks Below $50
by Carl Fox at CDN Gold fell about 3.5% Friday to its lowest level since October 2025 and is on track for its worst October since 2008 as oil-fueled inflation fears keep a Fed hike in play. Click to read the rest HERE-> Gold Sinks to One-Year Low Near $3,880 as Silver Breaks Below $50 first posted at Conservative Daily News
The latest gold and silver ounce rates were announced in global markets, according to which both precious metals faced a significant price decrease.
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