Gold price prediction today: Will gold prices be range-bound? Check outlook for October 19, 2026 week - The Times of India

AI desk brief

Gold is consolidating after a sharp pullback, with the analyst seeing a near-term range-bound bias as prices hold around Rs 147,500–148,500 after falling from the September peak near Rs 163,000–165,000. Immediate support is seen at Rs 147,500 and then Rs 146,000–145,500, while resistance sits at Rs 148,800–149,000 and the key Rs 150,000–150,500 zone; a break above Rs 153,500 would strengthen the case that the correction is ending.

On the macro side, the article says gold remains around $4,175 and has shown resilience despite firm real yields and a strong dollar, helped by reduced odds of an October Fed hike to below 20%. Supportive flows also remain in place, with global gold ETF holdings up about 187 tonnes in August-September and central-bank buying estimated at 250–300 tonnes in Q3; softer inflation data could help bullion, while an upside PCE surprise would likely revive rate-hike fears.