Gold prices plummeted by Rs 6,004 to Rs 1,47,704 per 10 grams on Thursday, reversing a four-day rally. Intensifying West Asian geopolitical tensions and a strengthened US dollar, following President Trump’s warnings of further action against Iran, dampened investor sentiment. This shift also saw traders fully price out US Federal Reserve interest rate cuts for 2026. Gold prices plummeted by Rs 6,004 to Rs 1,47,704 per 10 grams on Thursday, reversing a four-day rally. Intensifying West Asian geopolitical tensions and a strengthened US dollar, following President Trump’s warnings of further action against Iran, dampened investor sentiment. This shift also saw traders fully price out US Federal Reserve interest rate cuts for 2026.
