What Happened
Gold futures experienced a significant sell-off, dropping by Rs 8,089 to Rs 1.36 lakh per 10 grams on Monday, mirroring global trends.
Why It Matters
This decline, attributed to inflation fears and a stronger US dollar, marks the fourth consecutive week of losses for the yellow metal.
Key Details
- Analysts anticipate continued downward pressure amid geopolitical tensions and potential interest rate hikes.
Background Context
Gold futures experienced a significant sell-off, dropping by Rs 8,089 to Rs 1.36 lakh per 10 grams on Monday, mirroring global trends. This decline, attributed to inflation fears and a stronger US dollar, marks the fourth consecutive week of losses for the yellow metal. Analysts anticipate continued downward pressure amid geopolitical tensions and potential interest rate hikes.
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Source: Times of India – Original Link
Source: Times of India
