Weekly Review: Gold prices fall as investors turn away from safe-haven assets

Gold prices have recently declined, marking their second consecutive weekly loss, as global investors increasingly shift focus away from traditional safe-haven assets.

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The weakening demand for gold comes amid a broader surge in risk appetite, buoyed by rising equity markets, easing geopolitical tensions, and firming expectations of a stable macroeconomic environment.

In India, the precious metal prices have eased this week, offering a potential buying opportunity. On June 28, the price for 22-carat gold fell by about Rs55 per gram from the previous day—now around Rs. 8,930 per gram—while 24-carat gold was Rs. 9,742 per gram. Over the last ten days, 22-carat prices have dropped from Rs. 9,265 on June 19 to Rs. 8,930 on June 28—a fall of roughly Rs. 335. Similarly, 24-carat gold fell from Rs. 10,108 to Rs. 9,742—a Rs. 366 decline.