The recent fall in domestic gold prices is in line with the global trend, where prices of the precious metal fell amid a strengthening US dollar “Prices have been falling sharply in the last few sessions as the dollar held on to its recent rally while a lack of additional stimulus to aid the recovery of the Coronavirus-battered global economy further weighed on sentiments,” said a report by ICICI Securities. It further said gold prices are likely to remain under pressure for the shortterm and fall towards an immediate support of Rs 49,000 per 10 gram.
