Gold Price Today

Experts believe gold price today is under bears' grip due to higher bond yields, strong US Dollar, and change in expectations from the US Fed meeting.

Gold Rate Decline

The MCX gold rate today is around ₹ 1,42,800 per 10 gm, which is around ₹ 38,000 below the record high of ₹ 1,80,779.

Key Reasons for Drag

Nirpendra Yadav, Sr.Research Analyst at Bonanza, said, 'Gold prices are witnessing selling pressure amid a stronger US dollar, rising Treasury yields and changing expectations around the Federal Reserve’s interest-rate policy.

“Gold prices are witnessing selling pressure amid a stronger US dollar, rising Treasury yields and changing expectations around the Federal Reserve’s interest-rate policy. Profit-booking after the sharp rally earlier this year has added to the decline, while volatility in futures markets has further intensified price movements. As gold does not offer regular interest income, higher bond yields tend to reduce its relative attractiveness.”

Festival Season Outlook

Kaushlendra Sinha, CEO at IAGES, said, 'This festive season, gold demand is expected to remain strong as consumers continue to view gold as a trusted store of value.

“This festive season, gold demand is expected to remain strong as consumers continue to view gold as a trusted store of value. While Gold prices seem to have softened from the highs, we see this as an opportunity and confidence in gold continues to hold firm. Today's buyers are more informed and conscious in their purchase decisions, placing greater importance on purity, ethical sourcing, and transparency alongside design and value. Trust is increasingly emerging as a key factor in jewellery purchases.”

US Fed Rate Hike Focus

Anuj Gupta, a SEBI-registered market expert, said, 'The US bond yield is facing a sharp correction, and the US 10-year bond yield has slipped below 5% after sustaining at higher levels for nearly two months.

“The US bond yield is facing a sharp correction, and the US 10-year bond yield has slipped below 5% after sustaining at higher levels for nearly two months. This has eased pressure on the US Fed to raise rates. So, the market is expecting the US Fed to leave interest rates unchanged at the meeting scheduled for Tuesday to Wednesday this week. A dent to the US Fed rate hike is expected to trigger more correction in the US bond and currency market, leading to weakness in the US Dollar.”

Short-Term Gold Target

Pponmudi R, CEO at Enrich Money, said immediate resistance is the ₹ 1,43,000 to ₹ 1,43,700 zone, followed by the next resistance zone at ₹ 1,45,300 to ₹ 1,46,00.

“Immediate resistance is the ₹ 1,43,000 to ₹ 1,43,700 zone, followed by the next resistance zone at ₹ 1,45,300 to ₹ 1,46,000. Immediate support is the ₹ 1,40,000 to ₹ 1,41,000 zone”

Gold Rebound Expectations

Anuj Gupta maintained that a rebound in gold prices would be short-lived, as buzz around the December 2026 US Fed meeting will start dominating gold, silver, and equities from the second fortnight of November.

Long-Term Outlook

Nripendra Yadav of Bonanza said the near-term outlook for gold remains cautious, with the US dollar, bond yields, inflation data and the Federal Reserve’s policy signals likely to determine the next direction.

“The near-term outlook for gold remains cautious, with the US dollar, bond yields, inflation data and the Federal Reserve’s policy signals likely to determine the next direction. However, the current correction does not necessarily signal the end of gold’s longer-term appeal, as geopolitical uncertainties, concerns over global economic stability, and its role as a portfolio diversifier continue to support investment demand.”