Gold Prices Dip: In the last three days, gold prices on the Multi Commodity Exchange (MCX) have fallen sharply by around ₹4,500 per 10 grams. On April 22, the gold June 5 contract reached a record high of ₹99,358. However, by April 25, it had dropped to ₹94,902 during the day before slightly recovering to ₹95,089.

Gold Prices Dip:
This sharp fall came just a day after gold prices had gone up by over 1%. The drop is mainly due to profit booking by investors and easing global tensions, especially between the US and China. Reports suggest China is considering lowering tariffs on some US products, which has reduced global uncertainty and the demand for gold as a “safe haven” investment.

The strengthening of the US dollar has also played a role in pushing gold prices down. Since gold is priced in dollars, a stronger dollar makes it more expensive for foreign buyers, reducing its appeal.

Experts believe this fall could be a good opportunity for investors. Gold is expected to stay volatile in the short term as global trade talks continue. Analysts suggest a price range of ₹94,000 to ₹97,000 on MCX in the coming days. This means traders might find both buying and selling opportunities depending on market movements.

Some experts advise investors to take profits if they had bought gold earlier and consider entering again at lower levels. At the same time, silver is also gaining attention with support and resistance levels being closely monitored.

Overall while gold has seen a steep correction, its long-term outlook remains strong due to global uncertainties, central bank buying, and market volatility. However anyone planning to invest should stay updated with the latest news and consult financial advisors before making decisions.

The recent dip in gold prices may offer a good chance for buyers, but the market remains unpredictable in the short term.

Also Read: Why Did the Indian Stock Market Fall Today? Factors That Led to the Crash

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