Gold Prices Slide Amid Middle East Tensions and Strong Dollar
Gold prices have taken a slight dip in major Indian cities such as Delhi, Mumbai, and Chennai, with the 24K gold rate nearing ₹1.44 lakh for every 10 grams.
This decline comes amid rising tensions in the Middle East, particularly related to the US-Iran blockade, which has historically influenced bullion markets.
The international spot price for gold is around $4,031 per ounce, but domestic fluctuations suggest local market dynamics are being affected by external economic conditions, including inflationary pressures.