Archive · 19 Jun 2025
Gold Prices Dip Below Rs 99,000 Amid Market Volatility
Gold prices recently dropped, falling below Rs 99,000 due to investors taking profits.
This drop happened after the Federal Reserve decided to keep interest rates the same.
Gold had previously reached record highs, but has lost some value since then.
Experts are watching for how things change due to tensions between Iran and Israel, plus any changes in US trade policies and interest rates.
Some analysts think prices might fall further, while others see the potential for continued instability.
Gold prices fell below Rs 99,000 due to profit-taking.
MCX gold prices decreased by Rs 804 to Rs 98,733 in the afternoon session.
Gold prices hit a record high of Rs 1,01,078 on June 16.
The US Federal Reserve kept interest rates unchanged.
Analysts cite geopolitical tensions and Fed decisions as key market drivers.
- Who
- Gold investors and analysts
- What
- Gold prices fell below the Rs 99,000 mark.
- When
- On Thursday, after hitting record highs on June 16.
- Where
- International market and MCX
- Why
- Due to profit booking, Federal Reserve's decision, and geopolitical factors.
Short-Term Gold Price Outlook
Factors Influencing Gold Prices
Price Forecasts
Short-Term Gold Price Outlook
Citi forecasts a fall under $3,000 per ounce by late 2025 or early 2026 due to decreased investment demand and improving global growth.
Factors Influencing Gold Prices
Limited catalysts for a strong upward move unless there is a significant escalation in geopolitical risks.
- MCX Gold Price (Afternoon)
- Rs 98,733
- Previous MCX Close
- Rs 99,537
- Gold Price (June 16)
- Rs 1,01,078
- Gold price loss (since June 16)
- 2.31%
- International Gold Price
- $3,351 per ounce
Sources
Gold price could fall below $3,000 per ounce in short term; here's why
Fed holds rates steady and keeps door open to cuts
Gold edges higher after US Fed’s inflation warning triggers decline
Gold Prices In India Fall For 3rd Day: Check 22kt, 24kt Rates In Your City On June 19, 2025
High Gold Prices, Mobile Tariffs Pushing Inflation: Crisil
Exclude gold from core inflation index: Crisil
