Gold Prices Stabilise at Rs 150,750 After Recent Market Correction
12 Oct 2026Updated 2 hr ago1 source
According to a Times of India report, gold prices recovered to Rs 150,750 at the start of the week of October 12, 2026. This follows a recent decline to the Rs 146,000–147,000 range. Although prices remain below the September peak of Rs 163,000–165,000, market indicators suggest selling pressure is stabilising.
NIKAN Intelligence
What happened
Gold prices entered the week starting October 12, 2026, at Rs 150,750, showing recovery from recent lows of Rs 146,000–147,000. Prices have moved above the 20-day moving average of Rs 150,263, indicating a temporary halt in the sharp correction.
Why it matters
Gold is a primary investment and consumer asset class in India, especially in Tamil Nadu. Trends indicating stabilization after a correction help buyers and investors gauge entry points.
What we know
- The price of gold at the start of the week is Rs 150,750.
- Gold prices recently fell to a range of Rs 146,000–147,000 before recovering.
- The current price is significantly lower than the September peak of Rs 163,000–165,000.
- The 20-day average stands near Rs 150,263.
What we don't know
- The specific macroeconomic factors triggering the initial correction down to Rs 146,000.
- Whether the current stabilization will lead to a sustained rally back toward the September peak.
What's next
Market analysts and traders will monitor whether gold can consistently trade and close above the 20-day average of Rs 150,263 to confirm a bullish trend.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
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