Gold price prediction today: Will gold continue to fall? Check outlook for September 28, 2026 week - The Times of India

AI desk brief

Gold enters the week under pressure around Rs 148,300 after sliding from the Rs 160,000–162,000 area, with the key decision zone at Rs 148,000–148,500 now sitting on the 61.8% Fibonacci retracement. The article says a hold could trigger a rebound toward Rs 151,000 and Rs 152,300–153,600, while a sustained break below Rs 148,000 opens downside to Rs 145,000 and Rs 142,000–143,000.

The macro backdrop remains negative for bullion near term: elevated crude tied to unresolved Strait of Hormuz tensions is keeping inflation fears alive, while hawkish Fed messaging and markets pricing roughly a 65% chance of another October hike are supporting Treasury yields and raising the opportunity cost of holding gold. The piece frames the market as range-bound overall, but with the immediate bias leaning lower unless support holds.