Open account

Gold Prices Fall Across Asia on June 5 After Thursday Rebound

Gold prices declined modestly in Asian markets on June 5, tracking the latest XAU/USD weakness, with India's gram price at INR 13,712.07 and Malaysia's at MYR 576.70. The move capped a week of alternating daily swings: declines on June 1 and 3 followed by gains on June 2 and 4. Local quotes are derived from international XAU/USD rates converted via USD pairs and show no major break from the established pattern. Central-bank purchases of 1,136 tonnes in 2022 continue to underpin prices amid ongoing dollar strength and safe-haven demand.

Category

Gold

Sentiment

Neutral

Event

Market data

Reading time

1 min