Gold Price Today: MCX Gold Slips Below ₹1.60 Lakh Amid Stronger Dollar and Inflation Worries

Gold Price in India remained under pressure as MCX gold futures slipped below the ₹1.60 lakh mark amid a stronger US dollar, rising Treasury yields, and fresh inflation concerns in global markets. June MCX gold contracts declined nearly ₹800 per 10 grams, while silver prices dropped over ₹3,200 per kilogram during volatile commodity trade. Analysts say the recent pullback comes as investors reduce safe-haven positions after the dollar index strengthened above the 105 level and US inflation expectations remained elevated.

Gold Price weakens as a stronger dollar hits bullion demand

The fall in Gold Price is largely linked to the sharp recovery in the US dollar and uncertainty around future Federal Reserve rate cuts. A stronger dollar generally makes gold more expensive for overseas buyers, reducing global demand. According to market updates covered by Live Mint, traders are closely watching US inflation data and bond yields for further direction in bullion prices.

Gold movement data:

• Gold futures slipped below ₹1.60 lakh on MCX during intraday trade.
• Spot gold traded near $3,290 per ounce in international markets.
• Silver prices declined over ₹3,200 per kg, adding pressure across the metals segment.
• The dollar index crossed the 105 mark, reducing buying momentum in precious metals.

Investors also ask: Why is the gold price falling today?

The latest decline in Gold Price is mainly driven by stronger US economic signals and sticky inflation concerns, which lowered hopes of aggressive interest rate cuts by the US Federal Reserve. Higher interest rates reduce the appeal of non-yielding assets like gold.

Market pressure points:

• US Treasury yields stayed above 4.4 percent, limiting gold buying interest.
• Inflation concerns increased after stronger-than-expected economic readings in the US.
• Geopolitical tensions supported safe-haven demand earlier, but profit booking emerged near record highs.
• MCX gold has corrected nearly ₹2,000 from recent peak levels above ₹1.61 lakh.

Final Takeaway: MEYKA Analyst Review

Analysts believe the Gold Price could remain volatile in the near term as investors balance inflation risks, Federal Reserve policy expectations, and global economic uncertainty. Commodity experts tracking MCX bullion trends say support for gold is now placed near ₹1.57 lakh, while resistance remains close to ₹1.61 lakh. Even after the recent correction, gold prices are still trading significantly higher compared to last year, supported by central bank buying and geopolitical uncertainty. According to reports, investors are expected to remain cautious before key US inflation and interest rate updates. Market participants also continue to monitor crude oil prices, currency movement, and global ETF inflows for the next directional trigger in bullion markets.

Disclaimer

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.