Gold Prices Fluctuate: Drops Weekly, Rises Daily; Experts Predict Range-Bound Future

• International spot gold at $4,365/ounce, up 1.27% daily but down 3.68% weekly from Dec 26th's record $4,546.
• Indian MCX 24-carat gold futures fell 0.8% to 135,690 rupees/10g; highest was 138,300 rupees on Dec 26th.
• Rupee's value against USD (89.891) impacts imported gold prices, weakening 0.09% daily but gaining 0.11% weekly.
• 24-carat gold (10g) is 135,070 rupees; city prices vary slightly due to local taxes, e.g., Hyderabad at 13,507 rupees.
• Gold saw 65% growth in the past year, driven by geopolitical tensions, US Federal Reserve actions, central bank purchases, and Gold ETFs.

Why It Matters: Gold prices show mixed trends, dropping weekly but rising daily, with future outlook tied to global events.