Gold Price Today: Gold Falls ₹550 to ₹98,570 Amid Weak Global Cues

• Subdued global demand from key international markets

• Stronger U.S. dollar and rising treasury yields

• Expectations of the U.S. Federal Reserve maintaining interest rates

• Profit-booking by investors amid recent record highs in gold prices

Global spot gold also remained under pressure in early Asian trading, with prices hovering below the $2,350/oz mark.

 Market Sentiment: Cautious Optimism

While short-term corrections are common, analysts suggest that gold continues to remain a safe-haven asset in the long term, especially amid global geopolitical uncertainties and sticky inflation in major economies.

"Investors are likely waiting for more clarity on U.S. economic data before making fresh allocations to bullion," said a commodity analyst at a Mumbai-based brokerage.

What's Ahead?

Traders and investors should monitor the following triggers this week:

• U.S. non-farm payroll and inflation data

• Dollar index movement

• Indian rupee vs dollar exchange rate

• Central bank gold buying activity