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Gold Is Sliding Back Toward $4,000 as the Haven Trade Breaks
Forced selling during a tech-led stock rout and rising odds of another Federal Reserve hike pushed bullion lower, traders said.
- Gold and silver prices decreased across major Indian jewellery brands on Tuesday, October 20, 2026, marking a shift from the previous day's trading levels.
- Earlier in the week, improving festive demand ahead of Diwali and Dussehra initially supported gold prices, though recent market fluctuations have since tempered this upward momentum.
- As of October 20, 2026, 24k gold stood at Rs 14,717 per gram, while 22k and 18k gold prices were Rs 13,490 and Rs 11,038 per gram respectively.
- Global precious metal prices remain sensitive to geopolitical tensions; risks to shipping through the Strait of Hormuz intensified after a 60-day US-Iran maritime armistice disintegrated in mid-2026.
- Analysts from HDFC Securities expect retail demand to strengthen ahead of Diwali, though potential US Federal Reserve rate hikes could constrain global precious metal prices.
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The latest gold and silver ounce rates were announced in global markets, according to which both precious metals faced a significant price decrease.
·Tehran, Iran (Islamic Republic of)
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Globally, gold prices have fallen below the critical $4,000 mark, marking the second consecutive month of losses for investors. Rising inflation in the US to 3.6%, strong growth data, and increasing oil prices have pushed the price of gold down to $3,950 per ounce. In global markets...
The metal accumulates a drop of about 25% since its January peaks and has again lost the $4,000 per ounce.
·Madrid, Spain
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Coverage Details
Total News Sources147
Leaning Left7Leaning Right18Center12Last UpdatedBias Distribution49% Right
Bias Distribution
- 49% of the sources lean Right
49% Right
L 19%
C 32%
R 49%
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