Daily Gold Market Update - 31 August 2026
Daily Gold Market Update - 31 August 2026
Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4457.6
Downside score: 47/100
Technical Read
| Metric | Value |
|---|---|
| 20-day average | 4432.88 |
| 50-day average | 4213.45 |
| RSI (14) | 55.2 |
| MACD / signal | 100.276 / 102.675 |
| Five-day change | -3.95% |
Estimated Indian Gold Rates
24K: ₹158,230 per 10g
22K: ₹145,040 per 10g
| Session | 24K ₹/10g | 22K ₹/10g |
|---|---|---|
| 25 Aug | ₹163,750 | ₹150,100 |
| 26 Aug | ₹163,750 | ₹150,100 |
| 27 Aug | ₹160,640 | ₹147,250 |
| 28 Aug | ₹161,130 | ₹147,700 |
| 29 Aug | ₹158,240 | ₹145,050 |
| 30 Aug | ₹158,240 | ₹145,050 |
| 31 Aug | ₹158,230 | ₹145,040 |
Seven-Session 24K Trend
Next-Session Scenario Forecast
Bias: Mild bearish bias
24K range: ₹156,213 - ₹160,247 per 10g; central scenario ₹157,289
22K range: ₹143,191 - ₹146,889 per 10g; central scenario ₹144,177
- price remains above the 20-day average
- US 10-year yield is easing
- falling VIX reduces safe-haven demand
- rising equities favor risk appetite
- global news retains safe-haven themes
- Fed and inflation headlines pressure gold
- recent five-day price momentum is negative
- a rising dollar would pressure gold
Macro Inputs
| Factor | Latest | Five-day change |
|---|---|---|
| US Dollar Index | 99.599 | 0.81% |
| US 10Y Yield | 4.672 | -0.51% |
| VIX | 14.51 | -9.37% |
| S&P 500 | 7730.99 | 1.18% |
| USD/INR | 95.36 | -0.36% |
| Crude | 85.4 | 0.46% |
Signal Factors
- MACD below its signal
- negative five-day return
- US dollar index rising
- volatility premium easing
- equity risk appetite improving
- news includes gold-bearish macro themes
- news includes safe-haven support themes
Relevant News Themes
- Gold drops 3% as Fed's Warsh comments lift rate hike bets - Reuters
- Gold drops as Fed's Warsh comments lift rate hike bets - CNBC
- Gold Holds Decline on Fed Rate Hike Bets - TradingView
- Gold nears $4,700 as Fed hawkishness and Treasury buybacks sharpen inflation and yield tensions - VT Markets
- Gold Drops 1.21 Per Cent as Inflation Numbers Stir Fed Rate Hike Concerns - HDFC Sky
- Southeast Asia and AI Adoption: The Return of Cold War Strategies - fulcrum.sg
Hyderabad rates are sourced from Goodreturns and are indicative city retail rates before GST, jeweller premium, making charges, and local taxes. USA, China, Russia, war, tariffs, Trump-related policy, and other geopolitical events are classified as news context only; they do not independently create an alert. The forecast is a scenario range, not a guarantee. This is educational market research, not investment advice.
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