June 29: Gold and silver prices traded lower in the domestic market on Monday, reflecting weakness in international bullion markets as improved global risk sentiment and a firmer U.S. dollar reduced demand for safe-haven assets. Investors also remained cautious ahead of key U.S. economic data that could shape expectations for the Federal Reserve’s interest rate path.
International gold prices came under pressure as easing geopolitical concerns prompted investors to shift towards riskier assets, while the stronger dollar made precious metals more expensive for holders of other currencies. Silver also declined in line with broader weakness across the precious metals complex.
Domestic bullion prices tracked the global trend, with traders maintaining a cautious stance amid uncertainty over the outlook for U.S. monetary policy. Expectations that interest rates could remain elevated for longer continued to weigh on non-yielding assets such as gold and silver.
Analysts said precious metal prices are expected to remain influenced by global economic data, movements in the U.S. dollar, central bank policy expectations, and geopolitical developments, all of which will play a key role in determining near-term market direction.
