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A big reason is a stronger US dollar. When the dollar rises, gold gets pricier for holders of other currencies, cooling demand 

Gold Prices Hit One-Month Low: Here's Why

A big reason is a stronger US dollar. When the dollar rises, gold gets pricier for holders of other currencies, cooling demand&nbsp;

Gold prices are cooling off in a big way, hitting a one-month low, logging its worst week in five months. In India, 24-carat gold stands at around 77,440 rupees per 10 grams.
<h3>But what&rsquo;s behind this dip?</h3>
A big reason is a stronger US dollar. When the dollar rises, gold gets pricier for holders of other currencies, cooling demand.
Meanwhile, markets are pricing out the likelihood of significant rate cuts by the Federal Reserve amid broader implications of Trump's proposed policies as he returns to the Whitehouse.
Lastly, investor sentiment is shifting. With stable economic outlooks, more investors are betting on stocks over gold for better returns.
Also Watch:<a href="https://www.editorji.com/business-news/we-make-in-india-70-of-what-we-sell-in-india-pfizer-md-meenakshi-nevatia-1731413747286"> We 'Make In India' 70% Of What We Sell In India: Pfizer MD Meenakshi Nevatia</a>

Gold prices previously surged to record highs in April amid fears of a potential conflict between Israel and Iran, although the conflict did not occur

Gold prices surge to record high amid geopolitical tensions and market rally

Gold prices previously surged to record highs in April amid fears of a potential conflict between Israel and Iran, although the conflict did not occur

Gold prices reached a new all-time high on Monday's trading session, driven by the latest US inflation and retail sales data, which have increased expectations of at least two rate cuts by the Federal Reserve this year.
Renewed geopolitical tensions in the Middle East have also supported the rise in gold prices. The spot gold price hit a record high of 2450 dollars per ounce earlier today. Year-to-date, prices have increased by 18.65%, surpassing the returns of equities and bonds.
Gold prices previously surged to record highs in April amid fears of a potential conflict between Israel and Iran, although the conflict did not occur. However, ongoing instability in the Middle East is once again boosting gold prices.
Similarly, India experienced a significant rise in gold imports, more than doubling to USD 3.11 billion in April from USD 1.53 billion in March. During this period, gold prices in Delhi ranged between ₹76,400 and ₹67,755 per 10 grams.&nbsp;

Gold, Silver Price Today May 16, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Price of 24-carat gold surged by 770 rupees, reaching 74,020 rupees for ten grams, as reported by the GoodReturns website

In early trading on Thursday, the price of 24-carat gold surged by 770 rupees, reaching 74,020 rupees for ten grams, as reported by the GoodReturns website.
Meanwhile, silver also experienced a notable increase of 1500 rupees, with one kilogram now priced at 89,100 rupees. Similarly, 22-carat gold saw a rise of 700 rupees, reaching 67,850 rupees per ten grams.
24 Carat Gold Price Today 16 May (per 10gm) - Indian Top Cities Delhi - ₹74,170 Chennai - ₹74,130 Mumbai - ₹74,020 Kolkata - ₹74,020 Bengaluru - ₹74,020
Silver Price (1 KG) Today 16 May - Indian Top Cities Delhi - ₹89,100 Chennai - ₹92,500 Mumbai - ₹89,100 Kolkata - ₹89,100 Bengaluru - ₹86,750
Gold and Silver prices experience fluctuations influenced by multiple factors, including insights from jewellers. These factors encompass global demand for gold, fluctuations in currency values across nations, prevailing interest rates, and governmental regulations governing the gold trade.
Additionally, global events such as the state of the world economy and the strength of the US dollar relative to other currencies significantly impact gold prices within the Indian market.

Gold rate has pushed over $2000 per ounce mark on COMEX and has hit a record high of ₹61,145 per 10 gm on Multi Commodity Exchange

Gold price hits record high on MCX; Crosses $2000/Ounce mark on COMEX

Gold rate has pushed over $2000 per ounce mark on COMEX and has hit a record high of ₹61,145 per 10 gm on Multi Commodity Exchange

The Gold prices in both domestic and international markets went up, extending their gains. The gains are driven by rising safe-haven demand from investors.&nbsp;
On the Multi Commodity Exchange (MCX) of India, the rate hit an all-time high of ₹61,145 per 10 gm. As per MoneyControl, concerns that the US economy is heading towards a possible recession spooked traders, and pushed gold prices above the key level of $2,000-per-ounce mark on COMEX.&nbsp;
Gold prices made a record-breaking gain last year, fueled by poor manufacturing data from the U.S., coupled with signs of a cooling job market. The US FED has been hiking the interest rate to combat the inflation. According to MoneyControl, at its next meeting, the central bank could pause its rate-hike cycle due to substantial weakening of the US economy. This is bullish for gold prices as a pause in rate-hike cycle would encourage traders to invest more in assets such as gold.
Silver rates also saw an uptrend hitting 12-month high in international market whereas it hit 22-month high on MCX.

Gold prices fell as demand for the metal decreased and appetite for riskier assets increased due to decreasing concerns about a possible worsening of the global banking crisis.

As fading financial jitters reduce demand, gold prices decline.

As fading financial jitters reduce demand, gold prices decline

Gold prices fell as demand for the metal decreased and appetite for riskier assets increased due to decreasing concerns about a possible worsening of the global banking crisis.

On Wednesday, gold prices fell as demand for the YELLOW metal decreased and investors moved towards riskier asset. This is due to decreasing concerns about a possible worsening of the global banking crisis.
"We've seen a natural retracement. Gold is pulling back after a failed 'bid' to break above $1,975". Reuters quoted Matt Simpson, a senior market analyst at City Index.
But according to him, some buyers "still seem to be holding onto gold 'just in case' there is another skeleton or two lurking in the closet," and gold may receive another bid going into the European session.
Although the uncertainty in the financial system would "ultimately" support gold, Simpson warned that if inflation remained high and U.S. economic statistics remained strong, prices could become more volatile and difficult to predict over the coming weeks.
Macquarie said that they expect the Fed to "prioritise bringing inflation back to target &ndash; with one more rate hike and then no cuts in the early stages of economic contraction," resulting in cyclically weaker gold prices through the second half of 2023.
Meanwhile, as per Reuters, markets are pricing in a nearly 42% chance of a 25-basis-point Fed hike in May.

gold prices

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