Gold peaked near $5,011 and is currently sitting around $4,830, in rupee terms 24K gold has fallen to ₹15,464 per gram from its peak of nearly ₹16,000 just last week. That is roughly ₹5,000 cheaper on a standard 10 gram purchase in just 6 days!!!
Fed kept rates unchanged and Powell made it clear rate cuts depend on inflation coming down first, dollar strengthened and gold took the hit directly. When inflation fear beats war fear, gold loses even in a crisis and that is exactly what happened this week.
Customs duty cut to 5% in Union Budget 2026 has kept local rupee prices slightly cushioned from the full international fall. JP Morgan and Goldman Sachs both have strong year end targets assuming Fed cuts rates later in 2026, this fall looks more like a correction than a structural breakdown 
Do you think this dip in gold is a buying opportunity or is more downside still left? Drop your thoughts.
Socha tha war mein gold safe rahega but Fed ne poora plan bigad diya. ₹5,000 kam hua 10 gram mein, ab soch rahi hoon ki pehle kyun nahi kharida