India, May 29 -- Gold prices dropped by Rs 500 to Rs 98,500 per 10 grams in the national capital on Thursday, following weak trends in the international market, according to the All India Sarafa Association.
The price of 99.5% pure gold fell to ?98,000 per 10 grams (inclusive of all taxes), reflecting a continued downward trend.
Commenting on the movement, Chintan Mehta, CEO of Abans Financial Services, said,
"Gold prices extended their decline due to reduced safe-haven demand, influenced by easing tariff concerns and a more cautious stance from the Federal Reserve."
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....