- Gold will cross 1.80 lakhs this Diwali?
- Is the situation changing in the global market?
- Why the movement in the price of gold?
Gold Rate Prediction Diwali 2026 : Indian Prime Minister Narendra Modi requested not to buy gold. But stopping Indians from buying gold is a very difficult thing. Because here gold is seen as an ornament, at the same time gold is also seen as a good investment option. So there is always a high flow towards buying gold. Today, October 2, there is no transaction in the commodity market. So even IBJA has not announced gold and silver rates. So the domestic market is a bit quiet. But in the international market, the luster of gold has increased slightly. This now raises a question. From where will the price of gold reach till Diwali” Rate Prediction Diwali 2026 )
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According to Ajay Kedia, chairman of Kedia Commodities, gold prices may cross Rs 1,80,000 per 10 grams by Diwali or by the end of 2026. Gold prices have slightly increased in the international market today. Yields on US bonds have fallen, and Federal Reserve officials have signaled they need more time before making the next interest rate decision. Meanwhile, prices in the energy sector are also rising due to fears of rising tensions in the Middle East.
What about Bloomberg's information?
Spot gold rose 0.3 percent to $4,190.16 an ounce in Singapore afternoon, according to Bloomberg. Silver rose 0.6 percent to $61.38 an ounce, after gaining 0.9 percent the previous day. Platinum and palladium prices also increased. The dollar spot index fell 0.1 percent against the US dollar.
Why the movement in the price of gold?
A decline in US Treasury yields was seen across the board on Thursday. The 10-year yield fell to a 24-year record low. Increased concern about France's financial situation has led investors to opt for safer options.
Gold prices fall by 6% in September
Since gold does not earn interest, high returns are generally detrimental to gold. This was one of the main reasons behind the 6 percent drop in gold prices in September. Federal Reserve Vice Chairman Philip Jefferson said it may take more time to assess whether further interest rate hikes are needed. This has dampened market expectations of an early interest rate hike. From a 70 percent chance at the start of the week, traders now see only a 26 percent chance of an October rate hike.
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