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Gold Falls 10% From All-Time Highs As Demand Goes Down
The New Indian Express
|May 17, 2025
GOLD prices have corrected about 10% in recent weeks from an all-time high of $3500 in the international markets and ₹100,000/10 gms on the MCX.
The current market price of gold in the international markets fell below $3200/ounce while on the MCX gold price hovered below Rs 93,000/10 grams.
Prathamesh Mallya, DVP- research, non-agri commodities and currencies, Angel One said ease in geo-political tensions between India-Pakistan, Russia-Ukraine, and ease of tariff situation between US-China, shifting inflation expectations in the US, along with are all combination of factors driving gold prices correction in the recent weeks.
Denne historien er fra May 17, 2025-utgaven av The New Indian Express.
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