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Gold Cheaper for Third Day: Will Prices Drop Further in October? Experts Share Big Update!
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News18•30-09-2026, 11:58
Gold Cheaper for Third Day: Will Prices Drop Further in October? Experts Share Big Update!
- •Gold prices have fallen for three consecutive days, raising expectations among consumers for further reductions.
- •Rising tensions in West Asia and global market developments are contributing to the continuous decline in gold prices.
- •Increased American bond yields and the possibility of further interest rate hikes are putting significant pressure on gold prices.
- •Nirpendra Yadav of Bonanza suggests rising crude oil prices are fueling inflation concerns, boosting US Treasury yields and the dollar index.
- •Jatin Trivedi of LKP Securities notes significant gold price fluctuations last week, with profit booking and fears of further Fed rate hikes impacting the market.
Key Questions Answered
Gold prices have dropped due to continuously increasing tension in West Asia, a surge in American bond yields, a stronger dollar index, and expectations that the US Federal Reserve may keep its monetary policy tight and raise interest rates.
In the international market, COMEX December delivery gold futures fell by $103.70, or 2.34 percent, closing at $4,321.20 per ounce, while silver prices dropped by $2.35, or 3.5 percent, to settle at $64.80 per ounce.
Concerns about inflation have risen due to increasing crude oil prices driven by unresolved tensions in the Strait of Hormuz, which have pushed US Treasury yields up and put significant downward pressure on gold.
