Gold price prediction today: Will gold continue to fall? Check outlook for November 2, 2026 week - The Times of India

AI desk brief

Gold is trading near Rs 138,500 after a sharp October correction from above Rs 151,000, with the short-term technical bias still sideways-to-lower below Rs 141,000. Key support sits at Rs 137,400–138,000, then Rs 135,000–136,000; a break lower opens Rs 132,000–133,000, while recovery above Rs 144,000 would be needed to stabilise the trend.

The article argues bullion is being pressured by a broader cross-asset de-risking, with the recent AI-led equity correction and margin liquidation prompting some investors to use gold and silver as a liquidity source rather than a pure safe haven. Elevated long-dated US yields near 5.5% and a still-restrictive Fed stance are the main headwinds, while geopolitical uncertainty, Chinese dip-buying and fiscal concerns may provide support on further weakness.