Gold Prices Fall in India, Global Markets

Gold prices have recently declined in both Indian and global markets, reversing an earlier surge, as a stronger US dollar, weaker demand, and a US federal appeals court decision allowing tariffs have pressured prices. The dollar's strength has made gold more expensive for overseas buyers, while volatility in the dollar index and US economic uncertainties, such as rising jobless claims and a slight GDP contraction, have added to market instability. Gold futures briefly rose above $3,300 per ounce but remain below recent all-time highs and show high volatility. In India, gold prices have fluctuated due to the rupee's exchange rate, global demand, and local economic factors. Investors are now focused on the outcome of the US PCE inflation report and future Fed policy moves. Despite the recent decline, some analysts see gold retaining its safe-haven appeal amid ongoing global economic concerns.