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<\/a><\/p>\nGold prices in Indian markets (MCX) could see a pullback, with experts predicting a potential decline to \u20b987,000 per kg\u2014or even \u20b984,000\u2014in the coming days. The drop follows China\u2019s new tariff announcements, sparking a sell-off in global and domestic gold markets.<\/p>\n
On Friday, MCX gold fell 2.17% to \u20b988,099 per 10 grams, while global spot gold dropped 2.4% to $3,041.11 per ounce as investors shifted away from safe-haven assets.<\/p>\n
Why Are Gold Prices Falling? Key Factors
\nChina Tariff Impact \u2013 The latest trade policies triggered profit booking, as markets had already priced in tariff risks.<\/p>\n
Reduced Safe-Haven Demand \u2013 Easing Russia-Ukraine & Middle East tensions lowered gold\u2019s appeal.<\/p>\n
Strong US Jobs Data \u2013 March\u2019s robust non-farm payrolls reduced expectations of aggressive Fed rate cuts, pressuring gold further.<\/p>\n
Expert Insights: How Low Can Gold Go?
\n1. Profit Booking & Trade War Effects
\nJateen Trivedi (LKP Securities VP Research) explains:<\/p>\n
\u201cGold saw profit booking post-China tariff news, as markets had already adjusted for trade war risks.\u201d<\/p>\n
\u201cWith geopolitical tensions cooling, demand for gold as a safe-haven asset may soften.\u201d<\/p>\n
Technical levels to watch:<\/p>\n
Resistance: $3,120-$3,130 (Comex)<\/p>\n
Support: $3,050-$3,055 \u2013 A break below could trigger further selling.<\/p>\n
2. Domestic Gold Price Forecast
\nSugandha Sachdeva (SS WealthStreet Founder) adds:<\/p>\n
\u201cGold\u2019s rally is facing headwinds due to global trade disruptions.\u201d<\/p>\n
\u201cTrump\u2019s exclusion of gold from tariffs eased supply fears, reducing price support.\u201d<\/p>\n
MCX gold could test:<\/p>\n
First support: \u20b987,000 per kg<\/p>\n
Next critical level: \u20b984,000 if selling pressure continues.<\/p>\n","protected":false},"excerpt":{"rendered":"
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