Daily Gold Market Update - 16 October 2026
Daily Gold Market Update - 16 October 2026
Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4184.7
Downside score: 21/100
Technical Read
| Metric | Value |
|---|---|
| 20-day average | 4227.03 |
| 50-day average | 4377.08 |
| RSI (14) | 43.8 |
| MACD / signal | -58.515 / -59.406 |
| Five-day change | 0.67% |
Estimated Indian Gold Rates
24K: ₹147,430 per 10g
22K: ₹135,140 per 10g
| Session | 24K ₹/10g | 22K ₹/10g |
|---|---|---|
| 10 Oct | ₹151,420 | ₹138,800 |
| 11 Oct | ₹151,420 | ₹138,800 |
| 12 Oct | ₹149,680 | ₹137,200 |
| 13 Oct | ₹149,290 | ₹136,850 |
| 14 Oct | ₹148,260 | ₹135,900 |
| 15 Oct | ₹147,440 | ₹135,150 |
| 16 Oct | ₹147,430 | ₹135,140 |
Seven-Session 24K Trend
Next-Session Scenario Forecast
Bias: Mild bullish bias
24K range: ₹145,161 - ₹149,699 per 10g; central scenario ₹148,489
22K range: ₹133,061 - ₹137,219 per 10g; central scenario ₹136,110
- MACD remains above its signal
- US dollar is easing
- US 10-year yield is easing
- weaker equities support safe-haven demand
- global news retains safe-haven themes
- Fed and inflation headlines pressure gold
Macro Inputs
| Factor | Latest | Five-day change |
|---|---|---|
| US Dollar Index | 101.996 | -0.14% |
| US 10Y Yield | 5.089 | -2.71% |
| VIX | 16.46 | 6.81% |
| S&P 500 | 7744.06 | -0.27% |
| USD/INR | 95.045 | -1.84% |
| Crude | 95.82 | 4.73% |
Signal Factors
- price below 20-day average
- 20-day average below 50-day average
- RSI below 45
- news includes gold-bearish macro themes
- news includes safe-haven support themes
Relevant News Themes
- Gold drops over 1% as hot US inflation data boosts Fed hike bets - Reuters
- Gold steadies near $4,160 as stock selloff drives bond rally, Treasury yields fall - Investing.com India
- Petrogold: How Gold Became a Sanctions Shield, and Where It Fails - Geopolitical Monitor
- Gold rebounds above $4,150 as yields fall, Fed Warsh’s speech in focus - FXStreet
- Dollar falls, gold and silver rise together, metals broadly decline, LME copper, LME zinc, and LME nickel lead losses, SHFE tin rebounds [Overnight market] - Shanghai Metals Market
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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