Daily Gold Market Update - 02 September 2026

Daily Gold Market Update - 02 September 2026

Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4359.9
Downside score: 40/100

Technical Read

MetricValue
20-day average4444.78
50-day average4216.48
RSI (14)47.9
MACD / signal80.236 / 97.849
Five-day change-6.0%

Estimated Indian Gold Rates

24K: ₹154,080 per 10g
22K: ₹141,240 per 10g

Session24K ₹/10g22K ₹/10g
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₹156,770₹143,700
01 Sep₹154,090₹141,250
02 Sep₹154,080₹141,240

Seven-Session 24K Trend

27 Aug28 Aug29 Aug30 Aug31 Aug01 Sep02 Sep₹161,130/10g₹154,080/10g

Next-Session Scenario Forecast

Bias: Neutral / range-bound bias
24K range: ₹152,033 - ₹156,127 per 10g; central scenario ₹154,080
22K range: ₹139,364 - ₹143,116 per 10g; central scenario ₹141,240

  • weaker equities support safe-haven demand
  • 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

FactorLatestFive-day change
US Dollar Index99.7540.76%
US 10Y Yield4.7961.96%
VIX16.343.09%
S&P 5007631.47-0.28%
USD/INR94.941.49%
Crude90.8810.34%

Signal Factors

  • price below 20-day average
  • MACD below its signal
  • negative five-day return
  • US dollar index rising
  • news includes gold-bearish macro themes
  • news includes safe-haven support themes

Relevant News Themes

  • Gold Price Continues Fall As Expectations Of An Interest Rate Hike Grow - Forbes
  • Gold drops 3% as Fed's Warsh comments lift rate hike bets - Reuters
  • Gold Falls, Weighed by Mideast Conflict, Stronger Dollar - WSJ
  • Gold Halves August Jump on War-Fuelled Oil, Food Price Inflation - BullionVault

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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