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Gold Price Prediction for October 12, 2026: Outlook and Levels
Gold prices are recovering but face pressure from global factors, according to analyst Manav Modi. Investment demand remains strong, with ETF inflows at a four-year high.
Confidence: 85%Sentiment: NeutralHigh Priority
What Happened?
Gold prices are recovering but face pressure from global factors, according to analyst Manav Modi. Investment demand remains strong, with ETF inflows at a four-year high.
AI Quick Summary
Gold prices are recovering with strong investment demand, but face pressure from global factors.
Key points
- Gold starts the week at Rs 150,750 after recovering from a recent decline.
- Prices remain below the September peak of Rs 163,000–165,000.
- Immediate support is around Rs 149,000–150,000.
- A break below Rs 145,000 could expose prices to Rs 140,000–142,000.
- ETF inflows have reached a four-year high, indicating strong investment demand.
Key insights
- Gold's near-term bias remains neutral to mildly positive as long as Rs 145,000 holds.
- A breakout above Rs 155,000 could signal the end of the recent corrective phase.
- Central bank accumulation continues to support gold prices amid ongoing geopolitical uncertainty.
Market Impact
Gold Market
PositiveStrong investment demand and ETF inflows are likely to support gold prices in the near term.
Why it matters
The outlook for gold prices could impact investment strategies amid rising fiscal concerns.
Source
Times of India
