Gold has slipped sharply from the ₹15,600/g zone toward ₹15,000/g as global markets face a sudden shift in sentiment. The stalled US–Iran peace talks pushed crude oil prices higher, reigniting inflation concerns and strengthening expectations of further US Federal Reserve rate hikes. At the same time, rising US Treasury yields and a stronger dollar reduced the appeal of non-yielding gold, triggering profit-taking and heavy selling in international bullion markets. Spot gold fell nearly 4% on September 28, with domestic prices following the global correction.
