22 Carat Gold Price: 1 gram - ₹4,595 8 gram - ₹36,760

Physical Gold Market Price in INDIA 10 gram - ₹50,110 100 gram - ₹ 5,01,100

Gold buyers will likely test the $2,010 round figure if the rebound gathers steam. The next upside target is seen at the static resistance of $2,020.

GOLD BUY OR SELL

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Gold Weekly Forecast: XAU/USD Signs of Downside Ahead of Next Uptrend

Gold has completed an impulse of decline to 1992.40. Today the market is forming a consolidation range above this level. An escape upwards to 2009.80 for a correction is not excluded. Then the wave of decline could continue to 1970.75. The target is first.

Gold price is expected to decline further towards the upward-sloping trendline plotted from $1,940.

Markets expect the Federal Reserve to raise its policy rate again in May.

US Dollar tracks Treasury bond yields amid mixed concerns about recession, US debt ceiling talks.