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Gold cools across Indian cities as record-run fades; focus shifts to FX and data
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Indian gold prices softened from festive highs as profit-taking and a stronger currency weighed; traders eye macro cues for direction.
Domestic bullion prices eased, tracking a pause in international gains and a firmer currency. Indicative retail rates showed 24-carat near ₹1,25,620 per 10g and 22-carat around ₹1,15,150, down sharply from festive peaks. Traders cited profit-taking and improved physical supply as drivers, with attention turning to upcoming macro prints and the dollar path. Jewellery demand remains seasonally supportive, but price-sensitive buying is likely. Market participants expect range-bound trade unless global cues shift materially.