Mumbai gold rates soften as buyers stay cautious on price volatility

Gold prices in Mumbai declined marginally as global bullion weakness and profit taking pressured domestic rates. The fall was visible across 22 carat and 24 carat segments, with jewellers reporting limited retail interest despite the dip. Market experts indicate that while long term fundamentals remain supportive, short-term price action will continue to track US bond yields, dollar movement, and global risk sentiment. Seasonal buying interest remains selective.