Gold Price Recovery
International spot gold closed at $4,182.24 per ounce on September 29, up 1.62% for the day. The session opened at $4,115.46, reached a high of $4,185.12 and a low of $4,113.19 before settling at the closing level. Aetram India Research attributed the rebound to renewed demand at lower price levels despite elevated U.S. Treasury yields and expectations of further Federal Reserve tightening.
Indian Commodity Market
On the Multi Commodity Exchange (MCX), gold futures closed at ₹149,712, a 2.18% increase from the previous close of ₹146,513.
U.S. Treasury Yield Context
The U.S. 10‑year Treasury yield closed near 5.255%, after touching 5.293% during the trading session, reflecting the high‑yield environment that pressured non‑yielding assets.
Indian Equity Market Snapshot
The Sensex ended at 72,529.07, down 0.33%, while the Nifty 50 finished at 22,716, down 0.28%. The Bank Nifty fell 0.39% to 54,259.95. Sectoral performance showed Realty down 2.00%, Information Technology down 1.48%, Auto down 1.33%, and FMCG down 1.05%; Metals rose 0.78%, Pharma up 0.64%, and Media marginally higher by 0.11%.
Aetram Research Outlook
Aetram Research maintains a cautious near‑term view on Indian equities, citing elevated crude oil prices, high global bond yields and foreign institutional flows as key variables. For the Nifty, the 22,600 level is identified as a support zone, with the 22,750–22,850 range acting as resistance. The firm warns that gold’s rally remains sensitive to movements in U.S. yields, the dollar and forthcoming U.S. inflation indicators.
About Aetram Trades
Aetram Trades Private Limited, headquartered in Chennai, is a SEBI‑registered brokerage and research analyst (SEBI Reg. No. INZ000309838, Analyst Reg. No. INH000024222). It is a member of NSE (90356), BSE (6832) and MCX (57110), and is registered with AMFI (ARN‑281894). The disclaimer notes that investments are subject to market risks and that brokerage charges are subject to change as per the schedule on the company website.