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Gold Prices Plummet Rs 1,300 per 10 Grams Amid Stronger Dollar and Fed Rate Hike Fears

Guavy AI Editorial Team Published August 28, 2026

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Gold

Gold prices plummeted by Rs 1,300 per 10 grams on August 27, as investors booked profits after the metal reached a near three-month high last week.

The COMEX gold futures declined 0.28 percent to $4,640.20 per ounce during intraday trading on August 27.

Analysts attribute the decline in gold prices to a stronger US dollar and fears of a Fed rate hike.

Rupee weakness provided some support to MCX Gold, limiting domestic decline.

The Wire

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