By Admin 
There has been a war-like situation between Israel-Iran for several days. Both countries are constantly attacking each other with missiles. The gold rate has also fallen amid these missile attacks. On Friday, there was a fall in gold prices on MCX (Multi Commodity Exchange).
Gold closed at Rs 99,096 per 10 grams, which is less than the previous day. In the day -long business, its price went down to Rs 98,431 and reached a maximum of 99,198. Overall gold prices have fallen by more than 1 percent this week. At the same time, silver performed a little better and closed at Rs 51 to Rs 1,06,275 per kg.
Weakness also seen in the global market
In international markets also, the glow of gold faded a bit. Spot Gold fell 0.2 per cent to $ 3,365.51 an $, while US gold futures fell 0.7 per cent to $ 3,385.50. Silver prices also fell 1.1 percent. The major reason for this decline was the strength of US dollar, a confusion over high bond yields and interest rates in America.
Market’s eye on Trump’s decision
US President Donald Trump may decide within two weeks whether the US will be involved in the ongoing air strike dispute between Israel and Iran. This decision will have a major impact on gold prices as gold is considered to be a traditionally safe-han asset and its demand increases at the time of any political uncertainty.
Gold will also be affected by the attitude of Federal Reserve
The US Federal Reserve has predicted a rate cut of 50 basis points for 2025, but the rates are not expected to decrease in 2026 and 2027. FED Governor Christopher Waller has indicated that there may be cuts from July, but chairman Jerome Powell is still insisting on adopting a data -based stand. This difference has increased uncertainty in gold prices.
Sell-on-Rise advice for trading
According to The Mint’s report, technically MCX Gold August futures can get support at Rs 97,000 per 10 grams. So it would be better to adopt the strategy of Sell-on-RISE (Sell). Overall, till the picture about the policies of America and Fed is clear, gold prices will either remain in a limited range or a sudden breakout can also occur.
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