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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Gold returns above the $4,100 threshold after the mid-term U.S. elections, under conditions where central banks continue to increase their reserves, and the demand for yellow metal to...
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As the U.S. midterm elections established a power-sharing structure between the administration and Congress, mixed price trends emerged in global precious metals and raw materials markets, including gold, silver, copper, and nickel. While copper and tin prices fell, the prices of precious metals, as well as aluminum, zinc, and nickel, rose. On the 5th, on Investing.com, precious metals and non-ferrous metals
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