Gold Prices May Fall Further, Nomura Predicts 11% Drop

TV9 Hindi · stocks

Gold prices have seen a significant decline recently, with an 8% drop this year alone. Brokerage firm Nomura forecasts a further 11% fall, potentially bringing international prices down to $3,500 per ounce. This could translate to a drop of over ₹15,000 in India, with 10 grams potentially costing around ₹1.23 lakh. Analysts attribute the current pressure to profit-taking by investors. Future price movements will be heavily influenced by US economic data, upcoming elections, and Federal Reserve policy.