Gold prices plummet Rs 3,800 in two days post Trump’s comments; MCX futures rise initially. Mixed market settlements.

Gold prices in India witnessed a sharp decline of Rs 3,800 over the course of two days, triggered by comments made by US President Trump. The MCX gold futures initially saw an uptick on Thursday, only to be met with varied closures in both local and global markets on Wednesday. The fluctuation in prices was a direct result of the statements made by President Trump, causing investors to react swiftly. This sudden drop in gold prices has impacted the market significantly, with traders closely monitoring the situation for any further developments. The uncertainty surrounding the US administration’s policies has added to the volatility in the gold market, leaving many investors on edge. As the situation continues to unfold, experts are advising caution and vigilance when dealing with gold investments. The coming days are crucial for the market as it navigates through these turbulent times.

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