Gold Prices Dip by Rs 391 Amid Strong Dollar
The fall in gold prices comes amid weak global cues, reduced spot demand, and a strong US dollar
Apr 28, 2025, 16:59 IST
April 28, 2025 - Gold prices are seeing a decline on the back of weak global cues. Owing to weak spot demand, gold prices fell by Rs 391 to Rs 94,601 per 10 grams in Futures trading today, April 28.
In a transaction turnover of 17,572 lots, gold futures for June delivery on the Multi Commodity Exchange fell by Rs 391 or 0.41 per cent to Rs 94,601 per 10 grams.
Gold prices had touched an all-time high of $3,500.05 per ounce last week because of trade tensions. Gold prices dropped by more than 1% as the dollar remained strong and hopes for better trade relations between the US and China reduced the demand for safe-haven assets like gold.
Source: Media Reports
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