Gold prices edged lower on Thursday, October 9, pulling back from historic highs as traders booked profits following a sharp rally fueled by economic uncertainty and expectations of interest rate cuts in the United States.
As of 03:02 GMT, spot gold slipped 0.4% to $4,020.99 per ounce, retreating from its all-time peak of $4,059.05 reached on Wednesday, October 8. US gold futures were also down, losing 0.7% to trade at $4,040.70 per ounce. In the Indian market, gold prices stood at ₹12,307 per gram for 24K, ₹11,281 for 22K
The dip comes after a 4-day surge that propelled gold beyond the key $4,000 threshold for the first time, driven by persistent inflation concerns and investor flight to safe-haven assets. However, reports of a possible ceasefire agreement between Israel and Hamas, coupled with signs of the metal being technically overbought, triggered a wave of short-term selling.
Gold remains fundamentally supported by shifting expectations around US monetary policy. Minutes from the Federal Reserve’s September meeting suggest policymakers are leaning toward rate cuts amid slowing employment growth, even as inflation remains above target levels.
Lower interest rates typically benefit gold by reducing the opportunity cost of holding non-yielding assets.
Also Read: Gold Rate: Dubai vs India Gold Prices on October 9, 2025
Investors continue to flock to precious metals amid heightened global volatility, which includes:
These broader factors continue to underpin demand for gold, despite short-term fluctuations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 9, 2025, 12:47 PM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
