Gold Price Falls: International Market Sees a $30 Drop, Trading Around $2,925

After a continuous rally, gold prices have now witnessed a slight decline. Compared to yesterday’s all-time high, gold has become cheaper by approximately ₹1,000 per 10 grams. In the international market, gold reached its highest level of $2,955 per ounce yesterday. However, today, it has dropped by around $30 (₹1,000) and is trading near $2,925 per ounce.

Metals Focus Principal Consultant Chirag Sheth, in a conversation with our partner CNBC-Awaaz, mentioned that they have long been saying that gold prices may remain volatile in the first half of this year. He pointed out that gold prices often surge initially, followed by profit-booking, after which the prices rise again, maintaining an upward trend.

Chirag Sheth further stated that this trend is expected to continue. He attributed the ongoing rise in gold prices to economic uncertainties and geopolitical concerns. Additionally, he noted that economic instability is likely to persist due to Trump’s tariff policies.