Indian Gold Futures Slide on US-Iran Conflict Fears
Gold futures in India have been on a downward trend for seven consecutive sessions. The latest drop occurred on Wednesday, September 2, when prices fell by Rs 1,559 to Rs 1.5 lakh per 10 grams.
The decline is attributed to negative global cues, including renewed military exchanges between the US and Iran. This escalation pushed up oil rates, heightening concerns over inflation and interest rates.