Gold Plummets for 3rd Day: Will Decline Continue? Key Factors & Outlook

• Gold and silver prices have fallen for three consecutive days, with 24-carat gold down ₹3,560 per ten grams in Delhi and silver down ₹15,100 per kilogram.
• Main reasons for the decline include a strengthening dollar and de-escalation of geopolitical tensions, reducing international demand for gold.
• Market attention is now on US PCE inflation data and the Federal Open Market Committee (FOMC) meeting, as sustained high interest rates could pressure gold.
• Experts suggest bullion is in a consolidation phase, with future direction dependent on US GDP and Fed comments.
• Long-term investors are advised to buy in phases during dips, while short-term traders should monitor global cues; Indian demand may rise due to weddings and festivals.