Daily Gold Market Update - 08 October 2026

Status: Confirmed pullback alert
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4164.0
Downside score: 61/100

Technical Read

Metric	Value
20-day average	4290.91
50-day average	4372.7
RSI (14)	35.9
MACD / signal	-67.937 / -52.699
Five-day change	-0.54%

Estimated Indian Gold Rates

24K: ₹149,560 per 10g
22K: ₹137,090 per 10g

Session	24K ₹/10g	22K ₹/10g
02 Oct	₹150,280	₹137,750
03 Oct	₹149,180	₹136,750
04 Oct	₹149,180	₹136,750
05 Oct	₹149,180	₹136,750
06 Oct	₹150,220	₹137,700
07 Oct	₹149,570	₹137,100
08 Oct	₹149,560	₹137,090

Seven-Session 24K Trend

Next-Session Scenario Forecast

Bias: Mild bearish bias
24K range: ₹147,135 - ₹151,985 per 10g; central scenario ₹148,428
22K range: ₹134,867 - ₹139,313 per 10g; central scenario ₹136,053

• US 10-year yield is easing
• falling VIX reduces safe-haven demand
• rising equities favor risk appetite
• Fed and inflation headlines pressure gold
• a rising dollar would pressure gold

Macro Inputs

Factor	Latest	Five-day change
US Dollar Index	102.206	0.75%
US 10Y Yield	5.277	-0.3%
VIX	15.08	-7.71%
S&P 500	7801.77	1.96%
USD/INR	96.75	0.86%
Crude	89.68	-0.82%

Signal Factors

• price below 20-day average
• 20-day average below 50-day average
• RSI below 45
• MACD below its signal
• US dollar index rising
• volatility premium easing
• equity risk appetite improving
• news includes gold-bearish macro themes

Relevant News Themes

• Gold Falls as Higher Yields, Stronger Dollar Weigh - WSJ

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.