Gold prices in India are expected to move unpredictably and trend upwards in the coming days, according to M. Govindarajan, President of the Gold and Diamond Dealers Association. In a media interview on Thursday, Govindarajan highlighted ongoing global and domestic factors that could lead to volatility in the precious metals market, urging consumers to be prepared for potential price fluctuations.
Speaking to reporters, Govindarajan said that international market trends, including fluctuating crude oil prices, currency movements — particularly the strength of the US dollar — and geopolitical tensions, have a direct influence on gold rates in India. He noted that while the metal has long been considered a safe‑haven asset, sudden swings in global demand and supply conditions can lead to unpredictable rate changes, especially in the short term.
Govindarajan advised consumers and investors to exercise caution when planning gold purchases in the near future, as price movements could be erratic. He said that festivals, wedding season demand and local market liquidity also play a role in shaping retail gold rates, and added that dealers are watching key indicators closely. “Those considering gold purchases should stay informed and consult trusted dealers before deciding,” he said, underscoring that short‑term volatility could make timing purchases challenging for individuals.