Currency Markets Subdued Ahead of Pivotal Central Bank Week
Five major central banks announced policy decisions this week, with the Federal Reserve, European Central Bank and Bank of Japan holding rates steady while markets awaited forward guidance.
- 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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210 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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