24K & 22K Gold Price Today: Gold prices slipped on Friday, while silver recorded a sharper decline of over 3 per cent, as a stronger US dollar and heavy selling in global technology stocks weighed on sentiment in the precious metals space.
The decline came as the US dollar moved towards its strongest weekly performance since November, hovering near a two-week high. A firmer dollar makes commodities priced in the US currency more expensive for holders of other currencies, thereby dampening demand.
Market experts described the fall in bullion as a technical correction rather than a structural reversal. They noted that underlying drivers such as geopolitical uncertainty, sustained central-bank buying and broader macroeconomic risks continue to provide support.
Analysts said the broader uptrend in COMEX gold remains intact, with the current dip reflecting profit booking and consolidation after recent gains rather than a shift in trend.
Investors are advised to adopt staggered allocations instead of lump-sum investments to mitigate entry risks in a volatile environment.
Traders noted that Gold Rates in India declined, with Gold prices in Delhi and other key metros reflecting the latest downfall.
