Gold steady as India raises import duties to 15%
pre-market1 source ↓written by the desknot a recommendation
- is trading
- $4,507.96
- for the day
- 0.79%
- increase in India
- 15% import duty
- Gold's five-day range
- $4,450–$4,570
- is cleared
- $4,645
Gold is trading at $4,507.96, down 0.79% for the day, amid ongoing selling pressure and geopolitical tensions from the US-Iran conflict. The 15% import duty increase in India adds to pricing pressure, with gold remaining below key moving averages. Volatility persists as global uncertainty and rising oil prices impact demand.
• Gold's five-day range: $4,450–$4,570
• Downside risk unless $4,645 is cleared
• Supply risks from Middle East tensions continue to support demand.
Not investment advice. For informational purposes only.