20 Sep 2025 | 3 Mins Read
Gold prices drop after US rate cut, sparking concern of further decline
Flipitmoney
Gold prices reached a new peak of ₹1,06,666 per 10 gm on MCX but dipped 0.50% due to the US dollar's rebound after the 25 bps US Fed rate cut. Experts expect gold to touch ₹1,12,000 per 10 gm and $3,750 per troy ounce with potential triggers including US PCE Price Index, Q2 GDP data, and speeches by Fed officials.