{"id":326764,"date":"2026-10-26T15:05:04","date_gmt":"2026-10-26T09:35:04","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326764"},"modified":"2026-10-26T15:05:04","modified_gmt":"2026-10-26T09:35:04","slug":"why-is-gold-price-under-pressure-ahead-of-dhanteras-diwali-what-should-interested-buyers-do-experts-views-target","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/why-is-gold-price-under-pressure-ahead-of-dhanteras-diwali-what-should-interested-buyers-do-experts-views-target\/","title":{"rendered":"Why Is Gold Price Under Pressure Ahead of Dhanteras and Diwali? What Should Interested Buyers Do? Experts’ Views and Target"},"content":{"rendered":"

MCX December gold futures traded near Rs 1,42,873 per 10 grams around 2:56 PM on Monday, 26 Oct 2026, up 0.60%, but about 5.7% below the 9 Oct close of Rs 1,51,499 (my calculation). Spot gold held near $4,015 an ounce after a three-month low last week. Dhanteras falls on Friday, 6 Nov 2026 and Diwali on Sunday, 8 Nov, so buyers have 11 days to decide.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The gold price is under pressure because markets expect tighter US monetary policy, with traders pricing about an 80% chance of a Federal Reserve rate hike by year-end, while oil above $110 a barrel feeds inflation worries and a strong dollar adds weight. MCX gold has fallen about 5.7% since 9 Oct and its 14-day RSI near 29.7 shows oversold conditions, so a relief bounce is possible, but the trend is still down. The Fed meeting on 27 and 28 Oct is the next big trigger, and experts differ widely, with views from Rs 1.50 lakh to Rs 1.80 lakh by Diwali. Buyers who need gold for weddings or rituals can stagger purchases, and investors can wait for the Fed outcome, and this is educational and not investment advice.<\/p>\n<\/p><\/div>\n

The gold price is under pressure ahead of Dhanteras and Diwali because tighter US policy expectations, a strong dollar and costly oil have pushed MCX gold down about 5.7% from its 9 Oct close, and buyers now have to choose between buying early and waiting. This is the time of year when demand for jewellery, coins and bars rises, which makes a falling market feel like an opening and a risk at the same time.<\/p>\n

This article covers where MCX and spot gold stand, city-wise retail rates, the reasons for the fall, the Fed and data calendar, what experts say about the gold price target, technical levels, and a practical checklist for buyers. It is educational and not advice.<\/p>\n

Click Here – Get Free Investment Predictions<\/a><\/strong><\/p>\n

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