Friday, 30 October 2026 · last close Gold ₹1,38,600/10g -3.3% · Silver ₹1,79,820/kg -6.0%
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Shree Kalptaru JewelsDaily Bullion Outlook
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Archive · October 2026

Outlook for 30 October 2026

Snapshot of the calls and chances published on this day.

Gold

Close ₹1,38,600/10g (-3.3% on the day, -8.0% over a month)

Next 1–3 weeksBounce likelyOversold. A relief move toward ₹1,39,424–₹1,46,791 is the most common next step.
Next 1–3 monthsLean higher68% chance of a rise over 3 months. Since 2017, gold was higher 3 months later on 72% of days. Today's news backdrop trims that slightly. The trend is down on every timeframe for now, so the path may be bumpy. Hot US inflation (the Fed's preferred PCE measure rose to 3.6% a year in September) keeps a December Fed rate hike likely, which weighs on gold.

Gold fell 3.3% in the last session and is down 8.0% over a month. Rate-hike worries are the main pressure on gold right now, while central bank buying, very bearish trader positioning and Indian wedding-season demand give support on dips. This view is wrong if gold breaks below support near ₹1,30,502.

Chance of a riseNext weekNext monthNext 3 months
Gold52%56%68%

Silver

Close ₹1,79,820/kg (-6.0% on the day, -19.8% over a month)

Next 1–3 weeksBounce likelyOversold. A relief move toward ₹1,82,178–₹1,96,004 is the most common next step.
Next 1–3 monthsToo close to call56% chance of a rise over 3 months, close to even. Since 2017, silver was higher 3 months later on 60% of days. Today's news backdrop trims that slightly. The trend is down on every timeframe. Silver usually falls harder than gold when interest rates rise.

Silver fell 6.0% in the last session and is down 19.8% over a month. Silver is still unwinding its January bubble and moves about twice as much as gold, though it is now much cheaper compared with gold than at its peak. A close above ₹1,82,178 or below ₹1,60,953 should set the next direction.

Chance of a riseNext weekNext monthNext 3 months
Silver50%51%56%