Gold Price Predictions: In the year 2025, gold gave tremendous returns to investors and the performance of the stock market paled in comparison to its shine. The rise continued in the beginning of 2026 and gold reached Rs 1,80,779 for 10 grams on Multi Commodity Exchange of India (MCX). However, after this there was a sharp decline and on Friday last week the price slipped to Rs 1,56,200 per 10 grams. That means a decline of about Rs 24,500 or about 13.5 percent was recorded in a week.
Why the big fall in gold?
Even in the international market, gold prices have fallen below record levels. Spot gold fell from a high of $ 5,626 an ounce to around $ 5,046.30 an ounce, showing a decline of about 10.5 percent. According to analysts, a major reason for this decline is reports related to Russia.
News agency Bloomberg, citing Russian international documents, said that the Kremlin is considering increasing economic partnership with America and Moscow may be ready to trade in US dollars. If this happens, it will be considered a blow to the ‘de-dollarization’ strategy of the BRICS countries.
What do experts say?
Till now there was talk of increasing the role of local currencies or gold as an alternative to the dollar in trade among BRICS countries. But this sentiment has been weakened by Russia’s possible dollar withdrawal, which has affected the rising gold prices. Apart from this, uncertainty regarding US inflation data and interest rates is also putting pressure on gold.
If the US Federal Reserve stops cutting rates or maintains a dovish stance, the dollar may strengthen and a stronger dollar is generally considered negative for gold prices. Overall, global geopolitical cues, dollar strength and interest rate uncertainty have played an important role in gold’s recent sharp decline.
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