Gold down 25% from January peak ahead of Dhanteras

Spot gold stood near $4,179 an ounce on 16 October, about 25% below its late-January record of close to $5,600, as rising US Treasury yields raised the cost of holding the metal. Yields have since eased, central banks bought a record 289 tonnes in the second quarter, and Indian gold ETFs drew ₹4,451 crore in September.