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Gold nears Rs 1.5 lakh support as NFP data could spark the next breakout
Economy
Published on 4 May 2026
Analysts are betting on dips ahead of NFP
Gold is holding steady near the Rs 1.5 lakh support zone after a short pullback, prompting investors to consider a buy-on-dips approach. The next move is expected to hinge on upcoming US Nonfarm Payrolls, which could shift the dollar and interest-rate expectations—either pushing gold into a breakout or keeping it range-bound for longer.
- Gold is consolidating around Rs 1.5 lakh support after a correction
- Analysts are leaning toward a buy-on-dips strategy
- US Nonfarm Payrolls could move the dollar and rate expectations
- Market may break out or remain range-bound depending on NFP
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times