At present, gold prices are leaving buyers confused. Prices fall sharply one day and surge the next, making it difficult for people to decide the right time to buy. With the wedding season approaching, families across the country are debating whether to purchase gold now or wait. The biggest question on everyone’s mind is whether the price of gold per tola could drop back to Rs 70,000 or even lower.
Market experts say there are strong reasons suggesting that gold prices could decline further. One major factor is the current economic developments in the United States. With Donald Trump’s growing influence, policies aimed at strengthening the US economy are being implemented. As a result, the US dollar is gaining strength in the global market. Whenever the dollar strengthens, gold prices tend to come under pressure, as investors usually shift away from gold during such periods.
Another key reason is the easing of global war-related fears. Over the past few years, conflicts such as the Russia-Ukraine war and tensions in the Middle East pushed investors towards gold as a safe-haven asset. During uncertain times, it is common for gold prices to rise. However, recent political developments suggest a higher possibility of conflicts winding down. As a result, investors are pulling money out of gold and redirecting it towards the stock market. In market terms, this process is known as profit booking, and it is adding further pressure on gold prices.
The crucial question now is how much further prices could fall. Experts are offering mixed but interesting views on whether gold could return to around Rs 70,000 per tola. Given the current market conditions, they say such a drop cannot be ruled out entirely. If gold prices in the international market break key support levels, prices in India could fall sharply. In addition, if the rupee strengthens against the dollar, import costs will decline. Bullion market experts believe that together, these factors could pull gold prices lower.
However, analysts caution that any decline is unlikely to happen overnight. Current indicators suggest a gradual fall rather than a sudden crash. In the coming days, gold prices may continue to fluctuate. Even if there are short-term increases, experts say the broader trend still points towards a downward movement.
Given this uncertainty, experts are advising consumers not to rush into buying gold. Instead of making large purchases out of fear, they recommend buying small quantities whenever prices dip. Buyers can then increase their purchases during sharper declines. According to market analysts, this strategy can help reduce the impact of price volatility to some extent.