Gold Is Sliding Back Toward $4,000 as the Haven Trade Breaks
Bullion prices slipped as festive demand and global market moves offset holiday trading, while MCX gold futures fell 0.42% in the previous session.
- 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.
92 Articles
92 Articles
Gold Is Sliding Back Toward $4,000 as the Haven Trade Breaks
The post Gold Is Sliding Back Toward $4,000 as the Haven Trade Breaks appeared first on 24/7 Wall St.. On Thursday, October 22, 2026, stocks sold off, and Treasuries rallied, yet gold fell. Spot gold dropped 2.4% to $4,041.39 an ounce, its lowest level since August 3. December futures settled 2.2% lower at $4,060.40. By late U.S. trading, spot gold was near $4,021.20, down $119.10 or 2.88%, after an intraday low of $4,020.95. That puts the metal…
Gold continues to fall on MCX, silver near Rs 1.95 lakh per kg on MCX, check city-wise rates
In the international market, the COMEX gold price fell 0.73 per cent to approximately USD 4,030.9 per troy ounce. The spot gold price at 9:45 am was USD 4,010.41 per ounce, down by USD 34.31 or 0.85 per cent.
Future gold contracts closed this Thursday (22) in a sharp fall, under pressure from an increase in the perception of geopolitical risk and the advance of oil prices, less than a week before the Federal Reserve's next monetary policy decision (Fed, the U.S. central bank). At Comex, the New York Mercantile Exchange (Nymex) metal division, future gold contracts with delivery for November closed in a fall of 2.16%, quoted at $4,046.1 per ounce. The…
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