Gold Price update

Gold prices have slipped below the psychological ₹1.60 lakh in India amid no signs of of de-escalation in the US-Iran war. Gold prices in India continued to decline, putting the metal on track for a second consecutive weekly loss as escalating tensions involving Iran, Israel, and the United States kept global markets volatile and unsettled. On Friday, MCX gold prices settled marginally lower at ₹1,58,400 per 10 grams. Meanwhile, in the international front, the COMEX gold rate was hovering around $5,120/oz.