Gold Price Gives Up Rs 1 Lakh Mark, Why Yellow Metal Is Falling?

Gold value today: Price of golden slipped beneath nan Rs 1 lakh people moreover arsenic Iran and Israel continued their attacks, keeping nan Middle East connected nan boil.  An expert attributed nan weakness successful golden to profit booking and said nan geopolitical consequence is already priced successful nan prices of yellowish metal.  

Aksha Kamboj, Vice President, India Bullion and Jewellers Association and Executive Chairperson, Aspect Global Ventures said "Gold prices are experiencing immoderate profit booking aft caller gains, moreover arsenic tensions successful West Asia persist without signs of de-escalation. It appears that nan existent geopolitical consequence is already priced in, and only a important escalation whitethorn thrust bullion prices higher from here. That said, developments successful nan region stay a cardinal facet to watch successful nan adjacent term. Additionally, nan result of nan Federal Reserve's gathering connected Wednesday nighttime will beryllium different important power connected gold’s direction, though nan statement anticipation is that rates will stay unchanged."

Amid nan geopolitical conflict successful nan Middle East, nan yellowish metallic fell by Rs 487 to Rs 99,789 against nan erstwhile adjacent of Rs 100,276 connected MCX. 

Gold remains a preferred plus for investors seeking stableness amid world uncertainties, highlighting its value arsenic a hedge against geopolitical risks. The precious metal's capacity underscores its pivotal domiciled successful providing information for investors during times of instability. 

Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, "Profit booking was witnessed pursuing reports of aggregate imaginable waste and acquisition deals betwixt India-US, India-China, and US-Euro zones. This moderation successful safe-haven request led to a mild correction successful Comex golden arsenic well. Going forward, marketplace participants will stay focused connected 3 cardinal triggers: The upcoming US liking complaint decision, escalating tensions betwixt Iran and Israel, and advancement connected world waste and acquisition negotiations. These factors are expected to support golden prices highly volatile. Comex Gold is apt to waste and acquisition successful a scope of $3,290 to $3,450, while MCX Gold could up and down betwixt Rs 97,000 to Rs 1,02,000 successful nan adjacent term."

Published on: Jun 17, 2025 8:58 AM IST