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Gold Prices Drop by Rs 13,430: Buy Jewelry Now or Wait? Experts Weigh In
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Gold Prices Plunge Rs 13,430: Buy Now or Wait? Experts Weigh In Amid Dollar Strength
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News18
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15-03-2026, 11:53
Gold Prices Plunge Rs 13,430: Buy Now or Wait? Experts Weigh In Amid Dollar Strength
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Gold prices dropped by Rs. 13,430 (24-carat, 10g) and Rs. 8,723 (22-carat) since March 2, despite Iran-Israel tensions.
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This unusual fall is attributed to the strengthening US dollar, which acts as a safe haven during global oil price hikes.
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Investors are selling gold to buy higher-profit US bonds as the dollar strengthens, reducing gold demand.
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Experts suggest buying jewelry now or waiting a few days to observe trends, as prices may rise once war intensity decreases.
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Gold prices are expected to significantly increase by the end of 2026; monitor dollar value for future decisions.
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