Daily Gold Market Update - 03 September 2026

Daily Gold Market Update - 03 September 2026

Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4461.9
Downside score: 35/100

Technical Read

MetricValue
20-day average4454.99
50-day average4222.88
RSI (14)54.7
MACD / signal72.682 / 92.664
Five-day change-2.96%

Estimated Indian Gold Rates

24K: ₹152,010 per 10g
22K: ₹139,340 per 10g

Session24K ₹/10g22K ₹/10g
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₹152,020₹139,350
03 Sep₹152,010₹139,340

Seven-Session 24K Trend

28 Aug29 Aug30 Aug31 Aug01 Sep02 Sep03 Sep₹161,130/10g₹152,010/10g

Next-Session Scenario Forecast

Bias: Neutral / range-bound bias
24K range: ₹149,958 - ₹154,062 per 10g; central scenario ₹152,010
22K range: ₹137,459 - ₹141,221 per 10g; central scenario ₹139,340

  • price remains above the 20-day average
  • 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 Index99.4430.53%
US 10Y Yield4.7963.38%
VIX15.2-1.62%
S&P 5007666.6-0.14%
USD/INR94.96-0.49%
Crude91.2610.98%

Signal Factors

  • MACD below its signal
  • negative five-day return
  • US dollar index rising
  • US 10-year yield rising
  • news includes gold-bearish macro themes
  • news includes safe-haven support themes

Relevant News Themes

  • Gold slips to near two-week low on Fed rate hike bets - Reuters
  • Should You Buy Gold Amid PM Modi’s Austerity Appeal And US Fed Rate Hike Bets - Outlook Money
  • Gold Holds Gain as Trump’s War Comments Ease Inflation Jitters - Livemint
  • Gold Holds Gain as Trump’s War Comments Ease Inflation Jitters - Bloomberg.com
  • 'Increasing geopolitical unrest': Netherlands shifts 86 tonnes of gold from US to London - Business Today

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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