Gold rate in this UP city sees major crash; price plunges over ₹6,611 in just 3 days, slips below ₹1.36 lakh mark

Spot gold's 4.5% weekly drop, the sharpest since June, reflects renewed Fed rate-hike fears and oil-driven inflation risk. Higher real-rate expectations raise the opportunity cost of holding bullion, pressuring gold and gold-linked assets. The move matters because it signals tighter-policy risk can offset safe-haven demand, keeping near-term sentiment fragile.