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Gold Price Prediction: Outlook for Dhanteras Week on November 4, 2026
Sentiment: NeutralHigh Priority
What Happened?
Gold prices are expected to trade between $3,860 and $4,100 this week, influenced by festive buying and recent market changes. Demand remains weak despite some support.
Key points
- Gold fell to a 52-week low last week, with spot prices down 3.04% to $3,874.62.
- MCX gold decreased by 2.49% to Rs 1,38,485 per 10 gm.
- October recorded a 6.80% drop, marking the worst performance since 2008.
- Demand for gold is supported by central bank purchases and ETF inflows despite high prices.
- Gold is projected to trade in a $3,860-4,100 range this week.
Key insights
- The weaker dollar and lower yields may support gold prices this week.
- Festive demand is slow but could provide some price support.
- A close above $4,000 is needed to stabilize market sentiment.
Why it matters
Understanding gold price trends is crucial for investors, especially during the festive season.
Source
Times of India
