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Commodity News Details
Gold slips below $5200 as profit booking emerges
24-Feb-2026 14:54
Gold prices slipped below $5200 per ounce on Tuesday, ending a four-session rally as investors locked in profits after prices touched four-year highs. A firmer U.S. dollar, up around 0.2%, added pressure by making bullion more expensive for overseas buyers. However, renewed trade uncertainty and rising geopolitical risks helped limit losses, keeping gold supported near lower levels. Fresh U.S. tariff threats and lingering global tensions sustained safe-haven demand. Meanwhile, markets also monitored developments around upcoming U.S.'Iran nuclear talks in Geneva. On the domestic front, MCX April gold futures traded lower by about 0.5% at Rs 160886 per 10 grams, with near-term support seen around Rs 159500'160000 and resistance near Rs 162000 per 10 grams.

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