Gold prices eased from a one-week high on Wednesday as the dollar strengthened, though safe-haven demand linked to Russia-Ukraine tensions helped cap further losses. Spot gold was down 0.2% at $2,627.

Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal.

In India, the price of 10 grams of 24-carat gold in Delhi dropped to Rs 75,813 on Friday, a significant decrease of Rs 1,200 from previous rates.

Gold prices rose nearly 1% on Monday after last week's sharp decline, as a rally in the dollar paused, while market players awaited comments from Federal Reserve officials for more clues on the U.S. interest rate path.

Gold is on track for its worst week in more than three years as Donald Trump’s US election victory and a strong dollar send bullion’s historic rally into reverse. After jumping more than 35 per cent this year to a series of record highs,

Gold prices have been hammered this week, falling harder than they have in three years. The metal dropped over 5% to $2,568.20 per troy ounce, its sharpest weekly plunge since June 2021. Just two weeks ago,

Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts.