Gold Prices Fall Globally Amid Strong Dollar

Gold prices have declined this week globally, with spot gold falling to around $3,326–$3,340 per ounce due to a stronger U.S. dollar and robust U.S. economic data. The firmer dollar has made gold more expensive for non-U.S. buyers, while reduced geopolitical tensions have lessened safe-haven demand. In India, gold prices dropped by Rs 200–580 per 10 grams, reflecting subdued demand and weak global cues. Platinum reached its highest level since 2014 and palladium also recorded gains, while silver prices generally followed gold's downward trend. Analysts note that aggressive U.S. tariff actions offer some support for gold, but strong economic data and a less dovish Federal Reserve cap potential gains. The market remains cautious ahead of upcoming U.S. economic releases and further Fed policy signals.