Daily Gold Market Update - 02 October 2026

Status: Confirmed pullback alert
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4185.7
Downside score: 63/100

Technical Read

Metric	Value
20-day average	4352.38
50-day average	4363.7
RSI (14)	34.9
MACD / signal	-59.645 / -32.67
Five-day change	-2.61%

Estimated Indian Gold Rates

24K: ₹149,230 per 10g
22K: ₹136,790 per 10g

Session	24K ₹/10g	22K ₹/10g
26 Sep	₹152,680	₹139,950
27 Sep	₹152,680	₹139,950
28 Sep	₹150,170	₹137,650
29 Sep	₹148,800	₹136,400
30 Sep	₹149,570	₹137,100
01 Oct	₹149,240	₹136,800
02 Oct	₹149,230	₹136,790

Seven-Session 24K Trend

Next-Session Scenario Forecast

Bias: Mild bearish bias
24K range: ₹146,668 - ₹151,792 per 10g; central scenario ₹148,034
22K range: ₹134,442 - ₹139,138 per 10g; central scenario ₹135,694

• weaker equities support safe-haven demand
• 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	102.023	0.72%
US 10Y Yield	5.237	1.45%
VIX	16.39	4.59%
S&P 500	7666.45	-0.49%
USD/INR	96.3	0.14%
Crude	92.91	-1.8%

Signal Factors

• price below 20-day average
• 20-day average below 50-day average
• RSI below 45
• MACD below its signal
• negative five-day return
• US dollar index rising
• news includes gold-bearish macro themes

Relevant News Themes

• Gold’s Failed Rally Reveals the Real Market Driver: US Dollar Strength - Investing.com

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.