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XAUUSD Rebounds as Middle East Tensions Outweigh Import Duty Headwinds

Moneycontrol Read original source (opens in a new tab)
The Story

News Summary

  • Gold prices remain elevated due to geopolitical tensions in the Middle East, despite Indian import duty hikes.
  • Weak domestic demand and high recycled supply have prevented the full duty increase from passing to consumers, leaving prices tethered to global benchmarks and international market sentiment.
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Stored market data

XAUUSD price history

4324.70 -9.26% over the displayed period

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