Positive impactOrders & Deals
MCX Gold Faces Rs 1.5 Lakh Resistance After Yield Spike: Key Buy And Sell Levels To Watch
NDTV Profit 2 hrs ago·1 Oct 2026, 3:57 pm
Gold futures on the Multi Commodity Exchange (MCX) have climbed to a key resistance level of Rs 1.5 lakh per 10 grams. This move follows a recent rise in bond yields, which often makes holding non-yielding assets like gold less attractive to investors. The rally has pushed the October contract to a critical technical barrier, where price action will determine the next major trend.
For market participants, this level is significant as it tests whether the bullish momentum can continue or if a correction is imminent. Traders are closely watching the volume of buying and selling at this price point to gauge the strength of the rally. A decisive break above this mark could signal further upside, while rejection might lead to a pullback.
Investors should monitor global cues and yield movements closely. Any shift in global interest rates or economic data could alter the short-term outlook for gold. Keeping an eye on the psychological support below Rs 1.5 lakh is also essential to manage risk effectively.
Affected stocks
Bullish1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Multi Commodity Exchange (MCX).
- Category: Orders & Deals.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update for Multi Commodity Exchange. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
