By News Desk 
Gold, once seen as a beacon of hope for investors just a few months ago, is now showing clear signs of weakness. After approaching the psychological barrier of ₹1 lakh per 10 grams in March–April, the yellow metal was expected to climb even higher. However, shifting global dynamics and changing economic signals have altered the outlook drastically.
🔻 From Geopolitical Tensions to Price Correction
Despite market volatility triggered by India’s cross-border military action, dubbed “Operation Sindoor,” and ongoing regional tensions, gold prices have unexpectedly declined. As of now, gold is trading at around ₹97,000 per 10 grams, a noticeable dip from its recent peak.
📉 Experts Warn of Further Decline
According to Ajay Suresh Kedia, Director at Kedia Advisory, gold may slide further. He estimates that the metal, having already corrected by nearly 10% in April–May, could fall to between ₹80,000 and ₹85,000 per 10 grams in the coming months.
🧾 Why Is Gold Losing Its Glitter?
1. Profit Booking by Large Investors
Once gold hit record levels, institutional investors began booking profits. This triggered heavy activity in gold ETFs, but capital is now migrating to other asset classes, weakening gold’s price support.
2. Easing Global Tensions
Gold is traditionally considered a “safe-haven” asset. But with reduced geopolitical stress—including softening trade tensions between the U.S. and China and a cooling phase in India-Pakistan relations—the demand for gold has dropped, and investor interest has shifted elsewhere.
3. Upcoming RBI Policy Review
All eyes are on the RBI’s monetary policy meeting scheduled for June 6. If the central bank cuts interest rates to boost economic growth, it could further depress gold prices due to reduced demand for defensive assets.
4. Uncertain U.S. Federal Reserve Policy
Despite pressure from political leadership, including former President Trump, to cut interest rates, the U.S. Federal Reserve remains cautious. A delay or pause in rate cuts could weaken global support for gold, especially in ETF and futures markets.
📊 Conclusion
The sentiment around gold has shifted significantly in recent weeks. While it remains a long-term hedge against uncertainty, short-term prospects appear bearish. Investors are advised to monitor both domestic monetary policy and international developments closely before making fresh entries into gold.