Gold prices in India have plunged below ₹95,000 per 10 grams, marking a significant decline as geopolitical tensions ease following the India-Pakistan ceasefire.
The yellow metal faced additional pressure from the US Federal Reserve’s decision to maintain interest rates, coupled with a resurgent US dollar.
Gold futures for June contracts are now trading at ₹93,959, down by 2.65% from the previous day. Analysts predict further declines as optimism grows regarding US-China trade negotiations, reducing demand for safe-haven assets. In the global market, gold dropped by over 1.5%, hitting $3,273 per ounce.
Experts foresee potential price fluctuations in the coming weeks depending on geopolitical developments and Federal Reserve policies. Investors are closely monitoring these trends to assess future market movements.
