Overview
- Gold rose more than 1% on Oct. 15 after the dollar slipped and benchmark 10‑year US Treasury yields fell, reversing a midweek selloff.
- Hotter US CPI and PPI readings have raised odds of another Fed rate rise but Fed officials said an immediate hike may not be required and traders put the chance of an October increase at about 29%.
- COMEX futures traded around $4,170–$4,180 per ounce on Oct. 15–16 while spot prices were in the low‑$4,100s, reflecting short‑term sensitivity to yields and currency moves.
- International moves quickly fed domestic markets with Indian 24K retail quoted about ₹14,743–14,744 per gram and MCX futures near ₹1.48 lakh per 10 grams as speculators built fresh positions, and Pakistani tola rates jumped toward Rs440,636.
- Provisional World Gold Council data showed central banks bought roughly 63 tonnes in September, a demand trend analysts say underpins a bullish medium‑term outlook and could push gold toward new records by 2028.