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Gold Struggles Below Rs 1.50 Lakh Despite Recovery Attempt As Outlook Remains Cautious
M
Moneycontrol•05-10-2026, 17:48
Gold Struggles Below Rs 1.50 Lakh Despite Recovery Attempt As Outlook Remains Cautious
- •Gold prices traded cautiously below Rs 1.50 lakh per 10 grams following a modest recovery after recent sharp corrections.
- •International spot gold traded up 0.34 percent to $4,154 per ounce, while US futures rose to $4,182 per ounce.
- •Analysts note that easing US rate hike expectations support gold, but a stronger dollar and high yields may limit upside gains.
- •Silver also suffered significant losses recently, falling 6.1 percent and pushing the gold-silver ratio higher.
- •Investors are advised to adopt a cautious approach and consider fresh buying on dips rather than chasing higher levels.
Key Questions Answered
Domestic gold futures slipped to a low of Rs 1,48,850 per 10 grams before recovering slightly to trade at Rs 1,49,750, though commodity experts estimate the near-term outlook remains cautious with expected market volatility and a key support level at Rs 1.46 lakh.
Silver suffered a heavier decline, tumbling 6.1 percent to $60.37 and briefly dipping below $60 to touch $59.69, which pushed the gold-silver ratio up to roughly 68.6.
The recent recovery is supported by easing expectations of an October US Federal Reserve rate hike following weaker employment data and rising US government debt, while a stronger US dollar, high treasury yields, and the US-Iran standoff continue to limit upside momentum.
