Overview

• Gold prices in India have fluctuated between ₹93,300 and ₹97,500 per 10 grams, reflecting market volatility after recent geopolitical and monetary developments.
• A 90-day tariff truce between the US and China, with reduced tariffs on both sides, has dampened safe-haven demand and contributed to price corrections.
• The India-Pakistan ceasefire has reduced regional geopolitical risks, further weighing on gold prices globally and domestically.
• The Federal Reserve's decision to hold interest rates has strengthened the US dollar, adding downward pressure on bullion prices.
• Market participants are closely watching upcoming US inflation data and Federal Reserve signals, which could further influence gold's trajectory.