Gold price outlook amid Israel-Iran conflict
Gold prices slipped to ₹99,096 per 10gm on Friday, reflecting global jitters over the Israel-Iran conflict and mixed signals from the US.
Silver, meanwhile, edged up to ₹1,06,275 per kg.
Gold's safe-haven appeal gets muted
Gold is usually a go-to during world crises, but even with Middle East tensions and talk of US Fed rate cuts, its gains are getting capped by strong US economic data.
Investors are watching what Fed Chair Jerome Powell says next and whether the US gets more involved overseas—both could shake things up for gold's price in the near future.
Sell on rise—Analysts
A strong dollar and tight US monetary policy are putting pressure on gold despite all the geopolitical drama.
Analysts suggest playing it safe—selling if prices rise near ₹97,000—since technical hurdles and global risks could keep things volatile for a while.