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As on : 09-Jun-2026
Other Markets - Bullion Markets
09-Jun-2026     14:35

Gold slips below $4,400 amid easing geopolitical tensions

Gold prices remained subdued on Tuesday, hovering near an 11-week low and slipping below $4,400 an ounce as easing tensions between Iran and Israel weakened demand for safe-haven assets. MCX gold futures were largely unchanged at ₹1,54,507 per 10 grams, while silver futures declined below ₹2,45,000 per kg. Improved risk sentiment following ceasefire developments in the Middle East tempered inflation concerns and reduced defensive buying. Meanwhile, the U.S. dollar retreated from a nine-week high but remained supported by resilient labor market data and expectations of a Federal Reserve rate hike later this year. Market participants are now closely monitoring upcoming U.S. CPI and PPI releases, which could provide crucial guidance on the Fed's policy trajectory and the near-term outlook for bullion prices.

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