Gold Prices in Capital Hold Steady at 136,750

The latest pricing comes as world gold recovered to around $4,160 an ounce, but the rebound has been tempered by higher US Treasury yields and a firmer dollar. Adalytica’s Gold Fear & Greed Index shows extreme fear in gold sentiment even as awareness remains elevated, a sign that traders are still treating the market as fragile after weeks of volatility.

That backdrop has kept interest focused on whether the recent pullback in bullion can persist. Spot gold-linked funds such as the SPDR Gold Trust have eased from their highs, with GLD closing at $380.14 and trading below both its 50-day and 200-day moving averages, while the RSI sits in the high-30s, a sign momentum has cooled after the earlier surge.

The move also matters for mining stocks and bullion-heavy portfolios. The VanEck Gold Miners ETF, GDX, ended at $87.78, still below its 50-day and 200-day averages, reflecting how mining shares remain more volatile than the metal itself as margins depend on whether prices stay elevated while financing costs and operating expenses remain sticky.

For Indian buyers, the immediate story is simpler: prices in the capital have stopped climbing for now, but they remain near levels that keep jewelry demand sensitive and resale valuations elevated. With the dollar still firm and US yields near 5.29%, traders will watch for any shift in rate expectations, currency moves and physical buying demand to determine whether gold’s pause turns into a deeper correction or another leg higher.