Branch² Intelligence
Gold Price Today: MCX Gold Trades Lower At Rs 1.44 Lakh As US-Iran Tensions Continue
Key takeaway
Gold prices dip 0.26% on MCX amid US-Iran tensions, reflecting safe-haven demand shifts.
- Step 1Gold futures dip 0.26% on MCX as US dollar strengthens amid US-Iran tensions.
- Step 2Indian gold import costs decrease, benefiting jewellers and gold loan companies.
- Step 3Lower gold prices may boost retail demand during wedding season, supporting jewellery sales.
Source: IN:NDTV Profit
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