Gold price prediction: Gold rate falls amidst big movement in oil price, inflation, check experts' opinions

Economic Times - Nov 6, 2026

Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.

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Four in five petrol pumps in Karnataka sold petrol exceeding 20% ethanol limit
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Four in five petrol pumps in Karnataka sold petrol exceeding 20% ethanol limit

The findings follow laboratory testing of fuel samples from various districts, raising questions over compliance with India’s ethanol blending standards

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Nov 6, 2026
Rupee falls 9 paise to 94.50 against US dollar in early trade

In early trading on Friday, the rupee slipped by 9 paise to reach 94.50 against the US dollar, driven by a robust dollar and surging crude oil prices. After a brief bounce-back, it peaked at 94.36. The domestic equity market exhibited mixed performance, with Sensex rising yet Nifty falling. Notably, Foreign Institutional Investors remained active, purchasing substantial equities, bolstering market optimism.

India bonds emerge as top Asian performers as oil, Treasury yields decline
Nov 6, 2026
India bonds emerge as top Asian performers as oil, Treasury yields decline

This week, Indian government bonds saw a positive trend following a Democratic win in the U.S. midterm elections. The reduction in oil prices and Treasury yields eased rupee pressure, boosting investor confidence. The benchmark bond yield improved significantly, declining by approximately 22 basis points. Furthermore, the surge in foreign investments into Indian bonds marked a notable high since July, leading to enhanced overall market sentiment.

New anti-corruption law arms Beijing with expansive global enforcement powers
Nov 6, 2026
New anti-corruption law arms Beijing with expansive global enforcement powers

China’s top legislature passed on Friday a landmark law targeting cross-border corruption, equipping Beijing with expansive new tools to pursue illicit offshore assets while countering foreign attempts to investigate wrongdoing in China. The Anti-Cross-Border Corruption Law was approved at the close of the 25th session of the 14th National People’s Congress Standing Committee (NPCSC) and took effect immediately, according to the state news agency Xinhua. The statute establishes formal mechanisms...

Diwali sweet boxes faces inflation bite as sugar prices surge 30%
Nov 6, 2026
Diwali sweet boxes faces inflation bite as sugar prices surge 30%

Rising prices of sugar, cooking oil, raisins and nuts are pushing up mithai costs, forcing sweet shops to raise prices or absorb higher input expenses during the festive season.

India offers 20 critical mineral blocks across 8 states in ninth auction tranche
Nov 6, 2026
India offers 20 critical mineral blocks across 8 states in ninth auction tranche

The latest auction covers minerals vital to clean energy, electric mobility, defence, aerospace and advanced manufacturing, alongside fresh exploration opportunities

Govt bonds emerge as top Asian performers as oil, Treasury yields decline
Nov 6, 2026
Govt bonds emerge as top Asian performers as oil, Treasury yields decline

The benchmark 6.94% 2036 bond yield was at 7.1973% as of 11:40 a.m. IST, up 2.5 basis point on the day but down about ‌22 bps for the week, set to be its best week since April.

India’s new wealth rituals: What are millennials and Gen Z buying on Dhanteras?
Nov 6, 2026
India’s new wealth rituals: What are millennials and Gen Z buying on Dhanteras?

Dhanteras investing is evolving from physical gold purchases toward diversified digital portfolios. Younger investors are embracing gold ETFs, mutual funds, Bitcoin and tokenised assets while retaining the festival’s core goal of building wealth and financial security patiently.

M&M shares surge 5% after Q2 results, brokerages maintain bullish outlook
Nov 6, 2026
M&M shares surge 5% after Q2 results, brokerages maintain bullish outlook

M&M’s farm EBIT margin stood at 16.8%, declining 176 basis points q-o-q, while its auto EBIT margin came in at 7.7%, improving 58 basis points q-o-q

Beyond gold: What $340 billion in crypto flows says about India's investment preferences this Dhanteras
Nov 6, 2026
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Gold remains central to Indian household savings, but high prices are pushing investors toward ETFs and digital gold instead of physical holdings. Crypto is emerging as a separate portfolio option rather than replacing gold, reflecting a broader shift toward digital ownership and diversification.

US military expands Pacific cyber hub to counter risks to undersea cable networks
Nov 6, 2026
US military expands Pacific cyber hub to counter risks to undersea cable networks

The US military has expanded its cybersecurity presence in Hawaii and set up a regional centre to better detect threats and disruptions to its Pacific communications networks. The new initiatives come amid US accusations of Chinese cyber operations targeting critical infrastructure, including on Guam, and concerns about the security of undersea cables linking the Pacific to the US mainland. Neither initiative has been explicitly linked to China. Brigadier General Michael Smith, US Pacific...

Gold prices may be nearing bottom as World Gold Council sees recovery signals
Nov 6, 2026
Gold prices may be nearing bottom as World Gold Council sees recovery signals

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