Gold prices in India remain under pressure despite escalating West Asia tensions

Gold prices in India remained under pressure despite escalating West Asia tensions, trading nearly 17 per cent below their record high. Domestic gold prices closed 31,000 down at 1,49,650 rupees per 10 grams than its peak, even as global prices ended the week higher. A stronger US dollar, rising crude oil prices, and expectations of continued high interest rates have capped gains in bullion, keeping the market volatile despite the demand of Gold.