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Gold Holds Steady as Lower Yields and Softer Crude Ease Inflation Worries
M
Moneycontrol•19-10-2026, 18:41
Gold Holds Steady as Lower Yields and Softer Crude Ease Inflation Worries
- •International spot gold traded flat near $4,165 per ounce while US gold futures edged marginally to $4,185 per ounce.
- •Domestic MCX gold futures for December delivery dropped 0.08 percent to Rs 1,47,793 per 10 grams.
- •Analysts note that the $4,200 mark acts as a key resistance level while a stronger dollar index limits further upside potential.
- •Market experts suggest that upcoming festive and wedding seasons in India may drive a brief price surge before stabilizing.
Key Questions Answered
Gold held its price steady as softer crude oil prices eased inflation concerns and lower US Treasury yields supported bullion, though a stronger dollar index and profit booking near $4,190 limited further upside.
Indian gold prices are likely to see a small festive season surge driven by traditional demand, but they are expected to remain under pressure globally due to potential Fed rate hikes and stabilize afterwards.
Markets are currently pricing in a Federal Reserve hold at the upcoming October 27–28 meeting as the clear base case, with focus shifting toward the statement's tone and incoming inflation data.
