{"id":65707,"date":"2026-04-24T08:46:02","date_gmt":"2026-04-24T08:46:02","guid":{"rendered":"https:\/\/earlypostdaily.com\/index.php\/2026\/04\/24\/gold-futures-drops-to-rs-1-51-lakh-10g-as-strong-dollar-oil-surge-weigh-on-bullion\/"},"modified":"2026-04-24T08:46:02","modified_gmt":"2026-04-24T08:46:02","slug":"gold-futures-drops-to-rs-1-51-lakh-10g-as-strong-dollar-oil-surge-weigh-on-bullion","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2026\/04\/24\/gold-futures-drops-to-rs-1-51-lakh-10g-as-strong-dollar-oil-surge-weigh-on-bullion\/","title":{"rendered":"Gold Futures Drops To Rs 1.51 Lakh\/10g As Strong Dollar, Oil Surge Weigh On Bullion"},"content":{"rendered":"<div>Gold prices fell Rs 462 to Rs 1.51 lakh per 10 grams in futures trade on Friday, tracking weak global trends amid a stronger US dollar and rising crude oil rates.<\/div>\n<div>On the Multi Commodity Exchange, the yellow metal for June delivery declined Rs 462, or 0.3 per cent, to Rs 1,51,299 per 10 grams in a business turnover of 8,310 lots.<\/div>\n<div>Analysts said pressure on precious metals came from a firm dollar and elevated energy prices, as well as heightened inflation concerns.<\/div>\n<div>Gold prices declined on Friday. The pressure on the precious metals can be attributed to a stronger US dollar and rising crude oil prices, which have intensified inflation concerns among investors, Gaurav Garg, Research Analyst at Lemonn Markets Desk, said.<\/div>\n<div>He added that oil prices were hovering around USD 95.84 per barrel due to geopolitical tensions, particularly in the Strait of Hormuz, which has exacerbated market uncertainty.<\/div>\n<div>In the international market, Comex gold futures for the June contract slipped USD 33.54, or nearly 1 per cent, to USD 4,690.46 per ounce in New York.<\/div>\n<div>Brokerage firm Kotak Securities gold hovered around USD 4,680 per ounce, heading for nearly a 3 per cent weekly loss as prolonged US-Iran tensions and the continued Strait of Hormuz blockade drove oil higher and lifted inflation concerns.<\/div>\n<div>According to analysts, signs of friction between Washington and Tehran persist due to the US Navy\u2019s blockade of Iranian ports.<\/div>\n<div>Iran\u2019s Foreign Minister, Abbas Araghchi, termed the blockade an act of war, while chief negotiator Mohammad Bagher Ghalibaf, said a complete ceasefire would be meaningful only if maritime restrictions are lifted.<\/div>\n<div>Meanwhile, US President Donald Trump ordered the Navy to act against any vessels laying mines in the crucial shipping route, further dampening hopes for de-escalation.<\/div>\n<div>Analysts said these developments have supported the US dollar\u2019s strength, putting pressure on gold prices in the global markets.<\/div>\n<div>Market participants are now awaiting the final University of Michigan\u2019s consumer sentiment data for further cues on the Federal Reserve\u2019s monetary policy path and the near-term trajectory of bullion prices, Kotak Securities said in a note. (PTI)<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices fell Rs 462 to Rs 1.51 lakh per 10 grams in futures trade on Friday, tracking weak global trends amid a stronger US dollar&hellip;<\/p>\n","protected":false},"author":1,"featured_media":65706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-65707","post","has-post-thumbnail","category-national"],"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/65707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=65707"}],"version-history":[{"count":0,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/65707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/65706"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=65707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=65707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=65707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}