Daily Gold Market Update - 17 October 2026

Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4186.7
Downside score: 33/100

Technical Read

Metric	Value
20-day average	4214.39
50-day average	4374.53
RSI (14)	44.1
MACD / signal	-55.263 / -58.764
Five-day change	-0.7%

Estimated Indian Gold Rates

24K: ₹147,430 per 10g
22K: ₹135,140 per 10g

Session	24K ₹/10g	22K ₹/10g
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	₹147,440	₹135,150
17 Oct	₹147,430	₹135,140

Seven-Session 24K Trend

Next-Session Scenario Forecast

Bias: Mild bullish bias
24K range: ₹145,218 - ₹149,642 per 10g; central scenario ₹148,462
22K range: ₹133,112 - ₹137,168 per 10g; central scenario ₹136,086

• MACD remains above its signal
• US dollar is easing
• US 10-year yield is easing
• weaker equities support safe-haven demand
• Fed and inflation headlines pressure gold

Macro Inputs

Factor	Latest	Five-day change
US Dollar Index	101.779	-0.42%
US 10Y Yield	5.098	-2.78%
VIX	19.99	34.7%
S&P 500	7659.44	-1.95%
USD/INR	94.95	-1.89%
Crude	99.04	7.83%

Signal Factors

• price below 20-day average
• 20-day average below 50-day average
• RSI below 45
• news includes gold-bearish macro themes

Relevant News Themes

• Gold drops over 1% as hot US inflation data boosts Fed hike bets - Reuters

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.