Reserve Price Floor:
Under RBI rules effective April 1, 2026, your gold's auction reserve price must not be less than
90%
of its current assessed value.
After 2 Failed Auctions:
The minimum floor may reduce to
85%
— but never below that under any circumstances.
LTV Limits (Apr 2026):
≤₹2.5L → 85% LTV · ₹2.5–5L → 80% LTV · Above ₹5L → 75% LTV.
Valuation:
Based on actual purity + net weight + RBI benchmark price. Stones and gems are excluded from the calculation entirely.
Surplus Refund:
If auction proceeds exceed your total dues, the balance
must
be returned to you by the lender per RBI directions.
The Nifty rose 1.3% to 22,520.45 on October 9, 2026, ending an eight-week weekly losing streak that was the longest in 25 years. Information technology stocks led the rebound after Tata Consultancy Services reported quarterly earnings highlighting higher revenue contributions from artificial intelligence and strong international business growth.
Key Takeaways
- The Sensex rose 879.09 points or 1.23% to close at 72,472.33 on Friday.
- The Nifty gained 0.4% and the Sensex gained 0.8% during the week after both indices had declined for eight weeks.
- Choice Institutional Equities’ analysis of the weekly chart of the Nifty showed it had formed a Doji, a chart pattern indicative of uncertainty among buyers and sellers.
- The Nifty is below the 50-week exponential moving average. The weekly Relative Strength Index is below 50, which is a neutral area.
- Sustained improvement in the weekly Relative Strength Index reading is required for further evidence of a more sustained recovery, says Choice Institutional Equities.
Nifty weekly losing streak ends with a 22,520.45 close
Nifty 50 data showed that the index added 288.65 points, or 1.3%, to finish at 22,520.45 on October 9, 2026.
Eight weeks of decline had reduced the Nifty by 8.7% and the Sensex by 8.4% as per Nifty 50 and Sensex data. The Nifty and the Sensex had gone up by 0.4% and 0.8% respectively for the week ended October 9, 2026.
Sensex adds 879.09 points as information technology stocks lead
Daily Sensex data indicates that the Sensex ended 879.09 points or 1.23% higher on Friday at 72,472.33. It touched a high of 72,669.20 during the session.
Information technology stocks rose 1% during the week, according to sector data. The rebound followed Tata Consultancy Services' quarterly earnings report, which highlighted growing revenue contributions from artificial intelligence and strong international business growth.
A weekly Doji leaves the Nifty below its 50-week EMA
Choice Institutional Equities said the weekly Doji reflected indecision between buyers and sellers after the prolonged correction. The Nifty continued to trade below its 50-week exponential moving average.
The 200-week exponential moving average near 22,382 remained an important technical level, and the weekly close was marginally above it, Choice Institutional Equities said.
Hariselvan Radhakrishnan, founder and chief executive officer of HST Wealth, said a divergence in the daily relative strength index suggested that downward momentum was weakening, but price confirmation was still needed.
Radhakrishnan said the Nifty needed to sustain above 22,600 to extend the rebound towards 22,800. He said a failure to hold 22,400 could expose the index to a decline towards 22,000.
Financial stocks gain 1.7% during the week
Financial stocks gained 1.7% during the week, according to sector data. The gain was attributed to strong quarterly business updates and the absence of liquidity withdrawal measures by the Reserve Bank of India after its 25-basis-point rate hike.
Disclaimer: This article has been written exclusively for informational and educational purposes and does not constitute investment advice. Investments in securities are subject to market risks; please read all scheme/offer documents carefully and consult a SEBI-registered advisor before investing.