Mon Apr 28 04:00:00 UTC 2025: ## Gold Prices Dip Amid Easing Trade Tensions and Rising Dollar

**Mumbai, India** – Gold prices experienced a decline in the domestic futures market on Monday morning, driven by easing US-China trade war concerns and a strengthening US dollar. The MCX June 5 gold contract fell 0.18% to ₹94,818 per 10 grams by 9:05 AM. This drop mirrors a similar trend in international markets, where gold prices fell by over 1% due to reduced safe-haven demand.

The strengthening US dollar index, up nearly 0.3%, added pressure on gold prices, making it more expensive for buyers using other currencies. While US President Donald Trump stated that the US is in talks with China for a favourable trade deal, he also insisted on major concessions before considering tariff reductions. Conflicting reports emerged regarding the status of these negotiations.

Analysts are anticipating volatility in gold and silver prices this week, citing upcoming key US economic data releases including the job openings report (Tuesday), Personal Consumption Expenditures (Wednesday), and the non-farm payrolls report (Friday). These reports will significantly influence expectations regarding the Federal Reserve’s interest rate decisions.

Differing views emerged from analysts regarding future price movements and trading strategies. Manoj Kumar Jain of Prithvifinmart Commodity Research and Rahul Kalantri, VP of commodities at Mehta Equities, offered varying support and resistance levels for both gold and silver in both US dollars and Indian rupees, suggesting different trading strategies. Investors are advised to consult with certified financial experts before making any investment decisions.

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