Gold Futures Plummet Over 10% to Rs 1.29 Lakh/10g Amid Global Rout

• Gold prices dived over 10% to Rs 1.29 lakh per 10 grams in futures trade on Monday.
• The yellow metal has declined nearly 33% from its all-time high of Rs 1,93,096 per 10 grams recorded on January 29, 2026.
• Sharp fall triggered by rising inflation fears, surge in crude oil prices, stronger US dollar, and rising bond yields.
• Globally, gold futures for April contract depreciated 10.4% to hit an intraday low of USD 4,100 per ounce.
• Sell-off driven by forced liquidation and cash raising by institutional players, particularly from the Arab Gulf region.