Gold price future roadmap: Why led to 6% yellow metal fall in Sept 2026? Will Diwali help bounce back? Experts view
AI Summary
The recent correction in gold prices, driven by rising US bond yields and a stronger dollar, presents a mixed outlook for Indian retail investors. As the festive season approaches, demand for gold may increase, potentially stabilizing prices despite the headwinds. However, high prices could lead consumers to shift towards lighter jewelry or alternative forms of gold investment, which may impact overall jewelry sales volumes.
Gold prices suffered a sharp correction in September, with the precious metal losing around 6.5% during the month, marking its worst monthly performance since June. The decline came following monetary tightening by the US Fed as bond yields hit multi-year highs during the month.
However, with the festive and wedding season approaching in India, investors are now assessing whether seasonal demand, central-bank buying and geopolitical uncertainty can help gold recover in October.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 01 October 2026.
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