All news
Market

Gold price crashes over ₹38,600 from record high — What'll happen amid Diwali 2026 fervour? Right time to buy? Decoded

World Gold brief based on reporting byLivemint
Brief

Reported by Livemint: “Gold price crashes over ₹38,600 from record high — What'll happen amid Diwali 2026 fervour? Right time to buy? Decoded”. Gold settled at $4,008 an ounce on October 23, 2026 — $128.86 per gram, -1.29% on the day.

Why it matters

The development may change short-term gold-price expectations. Confirmation requires comparing the headline with COMEX, the dollar, yields and trading volume. Checked against our data: the trailing twelve-month high is $5,318 (January 29, 2026), so that day's settlement was not a record. The headline may refer to another market — spot, a local currency — or to an intraday print.

Transmission channels
  • COMEX price
  • US Dollar Index
  • US 10Y yield
  • volume and momentum
What to watch next
  • price confirmation
  • trading volume
  • cross-asset reaction
Methodology and transparency

This World Gold brief is based on the headline and available metadata. We do not reproduce the publisher's article or add unverified details. The price on the date of the report is our own data: the daily COMEX futures settlement, converted to grams at 31.1035 g per troy ounce.

Read the full report at the original publisherLivemint
Data on this topicGold price today by currency
Related coverageMarket‘Gold is no silver bullet’ and isn’t hedging against equity drawdowns, but ‘debasement trade’ should continue – HSBCMarketCIBC Revamps Gold Target but Still Sees Major 2027 SnapbackMarketThe digital gold market today: a niche at an inflection pointMarketGold and silver prices rise amid softer dollar and easing oil, despite inflation and Fed tightening concerns.