Daily Gold Market Update - 07 September 2026
Daily Gold Market Update - 07 September 2026
Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4476.6
Downside score: 16/100
Technical Read
| Metric | Value |
|---|---|
| 20-day average | 4472.89 |
| 50-day average | 4246.94 |
| RSI (14) | 55.2 |
| MACD / signal | 53.534 / 74.42 |
| Five-day change | 1.03% |
Estimated Indian Gold Rates
24K: ₹154,790 per 10g
22K: ₹141,890 per 10g
| Session | 24K ₹/10g | 22K ₹/10g |
|---|---|---|
| 01 Sep | ₹154,090 | ₹141,250 |
| 02 Sep | ₹152,020 | ₹139,350 |
| 03 Sep | ₹155,350 | ₹142,400 |
| 04 Sep | ₹156,660 | ₹143,600 |
| 05 Sep | ₹154,800 | ₹141,900 |
| 06 Sep | ₹154,800 | ₹141,900 |
| 07 Sep | ₹154,790 | ₹141,890 |
Seven-Session 24K Trend
Next-Session Scenario Forecast
Bias: Neutral / range-bound bias
24K range: ₹152,718 - ₹156,862 per 10g; central scenario ₹154,790
22K range: ₹139,990 - ₹143,790 per 10g; central scenario ₹141,890
- price remains above the 20-day average
- US dollar is easing
- global news retains safe-haven themes
- Fed and inflation headlines pressure gold
Macro Inputs
| Factor | Latest | Five-day change |
|---|---|---|
| US Dollar Index | 99.176 | -0.26% |
| US 10Y Yield | 4.784 | 1.36% |
| VIX | 14.53 | 0.69% |
| S&P 500 | 7718.6 | 0.09% |
| USD/INR | 94.475 | -0.95% |
| Crude | 91.48 | 6.67% |
Signal Factors
- MACD below its signal
- news includes gold-bearish macro themes
- news includes safe-haven support themes
Relevant News Themes
- Gold Holds Decline as Traders Weigh Prospects for Fed Rate Hike - Bloomberg.com
- Gold Holds Decline as Traders Weigh Prospects for Fed Rate Hike - Livemint
- Gold falls below $4,400 as strong US jobs data raise the prospects for Fed rate hike - FXStreet
- Gold sold: Strong jobs data keeps September Fed hike alive. Mint sales slump. - investingLive
- Gold Price Forecast: Will Fed Rate Hike Risk Break $4,300 Support? - FXEmpire
- Russian gold floods through Hong Kong in wake of western sanctions - Financial Times
- US Inflation, Iran Conflict to Steer Gold & Silver Prices - Rediff MoneyWiz
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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