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Gold may open weak after global slump; domestic prices seen dropping to Rs 1.22–Rs 1.23 lakh per 10 gm
Gold prices are expected to open lower on Wednesday after a 5.5% global decline — the steepest since 2020. Analysts predict domestic prices could fall to Rs 1.22–Rs 1.23 lakh per 10 grams, driven by profit-booking and easing global economic fears.
Global cues subdue equity markets, metal stocks fall
Similarly, the Nifty50 of the National Stock Exchange traded at 15,014.25, up by 15.90 points, or 0.11 per cent, from its previous close.
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