Key Highlights
- Gold prices in India slipped on Tuesday despite continuing geopolitical tensions in the Middle East that have kept global markets on edge.
- After witnessing a sharp rally in the previous session driven by safe-haven demand, bullion prices saw profit-booking, resulting in a marginal decline across major cities.
- 24K gold fell by ₹49 to ₹17,002 per gram 22K gold declined by ₹45to ₹15,585 per gram 18K gold dropped by ₹36 to ₹12,752 per gram.
- The correction follows a recent surge in prices triggered by global uncertainty.
- While gold typically benefits during periods of war and instability, short-term pullbacks are common after steep upward movements as investors lock in gains.
