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Gold prices continued to show near-term weakness on Friday, reflecting profit booking and shifting global cues.
MCX gold June futures fell 0.60% to ₹1,52,561 per 10 grams on April 10.
KEY POINTS
- 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
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