Gold prices under pressure ahead of Dhanteras: What should buyers consider - CNBC TV18

AI desk brief

Gold recovered modestly after last week’s sharp 4% sell-off, with international spot up 0.4% to $4,010.51/oz on Oct. 26 and MCX Dec gold at ₹1.42 lakh/10g, up 0.39%. The article says near-term direction remains tied to the Fed’s Oct. 27–28 meeting, US inflation data, Treasury yields and the dollar, after gold came under pressure from higher yields and a stronger greenback.\n\nIndia’s Dhanteras/festive buying is offering support, but elevated prices are making consumers more cautious and keeping the focus on affordability, product mix and old-gold exchange. The World Gold Council cited about ₹4,450 crore of net inflows into Indian gold ETFs in September, with holdings rising to around 124 tonnes, indicating continued investor interest even as near-term price volatility persists.