Gold Prices Fall in India Amid Higher US Treasury Yields
Gold prices in India declined on Wednesday due to higher US Treasury yields and uncertainty in geopolitics. The price of 24K gold was ₹15,497 per gram, down ₹92 from the previous trading session. This decline is attributed to a rise in crude oil prices above $90 per barrel and increasing bond yields.
The international gold rate has seen some gains, with a 0.08% increase over the past day. However, this has not translated into gains for Indian buyers, who are still facing uncertainty due to global events such as tensions between Trump and Iran.
For long-term investors, today's decline in gold prices may be an entry point rather than a signal of a major reversal. Short-term traders may want to wait for clarity from US monetary policy signals before making any moves.