# Gold prices continued to show near-term weakness on Friday, reflecting profit booking and shifting global cues.

*business · news · 2026-04-10 · Business Today*

## Key points

- MCX gold June futures fell 0.60% to ₹1,52,561 per 10 grams on April 10.
- Gold prices dropped sharply in March 2026, down 7% in India and 11% in dollar terms.
- Global gold ETFs have seen significant outflows, and hedge funds have reduced exposure recently.
- Upcoming US-Iran talks in Islamabad are influencing short-term gold price expectations and volatility.
- Despite near-term weakness, Tata Mutual Fund's report maintains a bullish long-term outlook for gold.

**Companies:** Tata Mutual Funds, IndusInd Securities
**Countries:** India, United States, Iran

[Read the full story on Business Today](https://www.businesstoday.in/personal-finance/investment/story/gold-dips-on-profit-booking-long-term-bullish-case-remains-intact-report-525100-2026-04-10)

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