GENERAL18 Sept 2026
Gold price extends gains despite US Fed rate hike: Should investors chase the rally? Key outlook explained | Stock Market News
Gold climbed for a third straight day, with MCX October gold touching ₹1,54,600 per 10 grams, up ₹3,791 in three sessions. Falling crude oil prices and softer global bond yields helped, even after the US Federal Reserve raised its policy rate to 3.75%-4.00%. If you hold or buy gold, avoid chasing this rebound. Buy in small, staggered lots instead.
Key Statutory Highlights
- MCX gold for October delivery rose ₹1,620 per 10 grams to a day's high of ₹1,54,600, taking its three-day gain to ₹3,791.
- The US Federal Reserve raised its policy rate to 3.75%-4.00% on September 16, while the US 10-year Treasury yield stays close to 5% and Brent crude is above $100 a barrel.
- Analysts say the rebound should not be treated as a signal to chase prices, and traders using leverage should cut position sizes and keep strict stop-losses.
Actionable Advice for Taxpayers / Founders:Think of gold as a long-term holding and buy in small, staggered amounts rather than lump sums, since domestic prices also depend on the rupee and global rates and yields can change direction quickly. Speak to your advisor before trading on leverage.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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