Gold Prices Retreat as Ukraine-Russia Peace Talks Spark Optimism

Gold prices in India fell drastically by Rs 700 to Rs 90,550 per 10 grams on Monday, March 24, 2025, as there were increasing hopes for a possible ceasefire between Russia and Ukraine. The fall comes as the Ukrainian and US officials had fruitful deliberations in Riyadh, with another round of talks planned between US and Russian negotiators. This has lowered demand for safe-haven assets such as gold. Also, the strengthening US currency has exerted downward pressure on gold prices. Even though the correction has happened, experts opine that this is an opportunity to buy for investors. The current geopolitical tensions and likely US interest rate reduction are still affecting gold's price action in the short term.

Source: Goodreturns