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Below the Quote on Gold from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

"Gold Declines Further on Tariff Relief and Geopolitical Easing

Gold prices extended their decline, dropping another ?900 to settle at ?95,050 on the MCX a 0.90% fall as global risk sentiment improved. The pullback follows easing geopolitical tensions between Israel and Hamas and ongoing tariff relief measures, reducing safe-haven demand.

In the international market, Comex gold is expected to trade in a lower range of $3,250 to $3,325, while the domestic outlook now shifts to ?93,000–?96,000.

With key U.S. macroeconomic data scheduled this week including the FOMC meeting minutes, Q1 GDP figures, and the Core PCE Price Index volatility in gold is likely to stay elevated as traders look for signals on inflation and interest rate direction."

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