Gold price prediction today: Why are gold prices choppy? Check September 23, 2026 outlook - The Times of India

AI desk brief

Gold is likely to stay rangebound and choppy near term as safe-haven demand and rising yields pull in opposite directions. The article cites Friday’s close at $4,378.63/oz, a recent intraday spike of 2.8% on Saudi pipeline news, and a current working range of roughly $4,300-$4,420/oz, with support at $4,320/$4,230 and resistance at $4,420/$4,510.

Fundamentally, the tone is constructive on dips: global gold ETFs have had nine straight weeks of inflows, including $4.24bn in the week to Sept. 18, China’s imports through August exceeded 1,000t, and the PBOC reportedly made its biggest purchase since 2023. Indian demand is softer, with domestic discounts widening to $78/oz and jewellery buying cooling, though gold ETFs still saw inflows in August.