Indian Gold Prices Plummet Amid Stronger Dollar and Fed Caution
On July 29, gold prices in India fell by 0.88% due to a stronger US dollar and caution from the Federal Reserve.
The US Federal Reserve's monetary policy announcement weighed on investors' minds, causing them to turn cautious before clarity on interest-rate outlook was achieved.
Gold futures on the Multi Commodity Exchange (MCX) traded lower during Tuesday's session as a result of this caution.