Gold Price Drop to 70,000? Experts Predict Gradual Decline Amid Strong Dollar, Reduced War Fears

• Public confused by fluctuating gold prices, especially with wedding season approaching, questioning if prices will drop below 70,000 Rupees.
• Market experts cite a strengthening US dollar due to economic policies under Donald Trump as a key factor pressuring gold prices.
• Decreasing global war fears (Russia-Ukraine, Middle East) lead investors to withdraw from gold (safe haven) and move to stock markets, a process called profit booking.
• If gold loses significant international support levels and the Rupee strengthens against the dollar, Indian gold prices could fall sharply.
• Experts advise cautious, staggered buying, suggesting purchasing small amounts during price dips rather than a single large purchase.