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GOLD SLIPS BELOW ₹1,55,000 ON MCX AS GLOBAL PRICES STAY SUBDUED

Published on Mar 18, 2026 14:50

Gold prices remained on the defensive, with global futures languishing below the $5000 mark, while domestic bullion retreated to ₹1,55,000 per 10 grams�hovering near one-month lows. The dollar index showed resilience, stabilizing around the 99.37 level after two consecutive sessions of decline, as investors adopted a cautious stance ahead of the Federal Reserve�s policy decision. While interest rates are widely expected to remain unchanged, focus has shifted to the central bank�s forward guidance amid rising energy prices and a gradually cooling labor market. Other major central banks, including the European Central Bank, Bank of England, and Bank of Japan, are also expected to maintain their current policy stance, reinforcing a broader tone of global monetary caution. Meanwhile, persistent geopolitical tensions in West Asia continue to weigh on sentiment. On the technical front, MCX bullion slipping below the ₹1,55,000 mark signals near-term weakness, with immediate support seen around ₹1,54,900.

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