Gold Falls Rs 914 on Stronger Dollar, Hawkish Fed Signals

Gold futures declined by Rs 914 to Rs 1,52,000 per 10 grams on September 22 due to a stronger US dollar and expectations of a tighter US monetary policy.

The decline came as investors assessed signals from the US Federal Reserve and their implications for interest rates. A stronger dollar typically makes gold more expensive for buyers holding other currencies, while higher interest rates reduce the appeal of non-yielding assets such as bullion.

Gold prices have remained sensitive to changing expectations around the Federal Reserve's interest-rate path. Recent market movements have reflected a shift towards a more hawkish outlook, with stronger yields and the dollar creating pressure on precious metals.