Gold Prices Plummet: Will a Tola Reach Rs. 70,000? Experts Predict Further Decline

Business
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News18•05-02-2026, 06:49
Gold Prices Plummet: Will a Tola Reach Rs. 70,000? Experts Predict Further Decline
- •Gold prices are highly volatile, causing indecision for buyers, especially with the wedding season approaching.
- •Market experts predict a potential drop in gold prices due to a strengthening US dollar and decreasing global war fears.
- •Donald Trump's policies are strengthening the US economy and the dollar, reducing investor interest in gold.
- •Reduced geopolitical tensions (Russia-Ukraine war, Middle East) are leading investors to shift from gold to stock markets, causing profit booking.
- •Experts suggest a phased decline, with a tola of gold potentially reaching Rs. 70,000 if international support levels are lost and the rupee strengthens.
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