Gold futures experienced a significant drop of Rs 2,225 to Rs 1.56 lakh per 10 grams, influenced by a stronger US dollar and weaker international markets. Analysts attribute the decline to rising energy prices and diminished expectations for Federal Reserve interest rate cuts, impacting investor sentiment and leading to outflows from gold-backed ETFs. Gold futures experienced a significant drop of Rs 2,225 to Rs 1.56 lakh per 10 grams, influenced by a stronger US dollar and weaker international markets. Analysts attribute the decline to rising energy prices and diminished expectations for Federal Reserve interest rate cuts, impacting investor sentiment and leading to outflows from gold-backed ETFs.
