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Will gold prices drop by Diwali? Key meeting holds answers
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News18•10-10-2026, 07:56
Will gold prices drop by Diwali? Key meeting holds answers
- •Gold prices have bounced back after a sharp fall earlier in October.
- •The price of 10 grams of 24-carat gold surged to ₹1,50,710 in the Indian market.
- •The upcoming US Federal Reserve monetary policy meeting is a major factor influencing current market trends.
- •Global economic uncertainty and rising inflation continue to drive strong demand for gold despite high prices.
- •Experts predict continued volatility in gold prices over the coming months.
Key Questions Answered
Despite initial falling trends, gold prices surged due to domestic and international market shifts driven by the upcoming US Federal Reserve monetary policy meeting.
Experts project massive volatility in gold prices over the three months following October 2026. Furthermore, Baba Vanga's predictions indicate that a 2027 cash crunch and global economic crisis could drive gold prices up by 25% to 40%.
While 24-carat, 22-carat, and 18-carat gold prices witnessed significant increases, silver prices remained completely unchanged, selling at around ₹245 per gram and ₹2,45,000 per kilogram.
