IGI Logo

Below the Quote on Gold 30th October 2026 by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold prices witnessed a sharp decline of around Rs 1,100 to Rs 1,41,500, as COMEX Gold slipped nearly 0.90%. Despite volatility during the week and a brief recovery in the early sessions, selling pressure intensified towards the end, leaving bullion down around 0.50% for the week. Notably, gold has witnessed cumulative selling pressure of more than 6% over the last three weeks, indicating continued weakness in market sentiment. Going ahead, focus will remain on developments surrounding US-Iran tensions, US election-related uncertainty and key US economic data, particularly unemployment figures and non-farm payrolls. Technically, Rs 1,38,500 remains an important support, while Rs 1,43,500 is the immediate resistance."

Above views are of the author and not of the website kindly read disclaimer