From glory to gloom: Gold suffers historic single-day fall of over $100. 3 reasons why

Gold prices experienced a significant drop, plummeting by $140 per troy ounce due to President Trump's softened stance on China tariffs and his reassurance regarding Federal Reserve Chair Jerome Powell. This triggered profit-booking after a substantial rally in 2025, causing domestic prices in India to fall by Rs 2,845 per 10 gram.