Gold Drops ₹5,000 in Just Five Days ... What’s Behind the Sharp Fall?

Gold and silver prices have been steadily declining in the bullion market. In the last five days, gold has fallen by nearly ₹5,000 per 10 grams, while silver prices have dropped by around ₹15,000 per kilogram. Experts say the main reason is the expectation that the US Federal Reserve may not cut interest rates next month, which has reduced global demand for gold.

Additionally, the strengthening of the US dollar has added further pressure on gold prices. It is well known that fluctuations in Federal Reserve interest rates have a direct impact on the gold market.