Daily Gold Market Update - 04 October 2026

Status: Confirmed pullback alert
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4162.3
Downside score: 73/100

Technical Read

Metric	Value
20-day average	4334.33
50-day average	4366.27
RSI (14)	34.1
MACD / signal	-63.497 / -38.623
Five-day change	-3.68%

Estimated Indian Gold Rates

24K: ₹149,180 per 10g
22K: ₹136,750 per 10g

Session	24K ₹/10g	22K ₹/10g
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	₹150,280	₹137,750
03 Oct	₹149,180	₹136,750
04 Oct	₹149,180	₹136,750

Seven-Session 24K Trend

Next-Session Scenario Forecast

Bias: Mild bearish bias
24K range: ₹146,581 - ₹151,779 per 10g; central scenario ₹147,967
22K range: ₹134,368 - ₹139,132 per 10g; central scenario ₹135,638

• 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	101.93	0.95%
US 10Y Yield	5.277	1.79%
VIX	15.31	2.96%
S&P 500	7722.72	-0.27%
USD/INR	96.3	0.53%
Crude	91.11	-1.41%

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
• new 20-day closing low
• US dollar index rising
• news includes gold-bearish macro themes

Relevant News Themes

• Gold holds steady as firm dollar, yields counter easing Fed rate hike bets - CNBC

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.