Gold Price Today: Why Bullion Fell as Oil Spike, Rupee Slide Hit Indian Market
Gold fell 1% to $4,667.99 an ounce Monday as oil prices surged after stalled U.S.-Iran talks, pushing the rupee to a record low of 95.31 per dollar. Prime Minister Modi urged Indians to avoid gold purchases, triggering a 6–9% drop in jewellery stocks. Ahmedabad gold dropped ₹500 to ₹155,200 per 10 grams. June gold futures on MCX slid 0.3% to ₹152,068 per 10 grams.