When the dollar receives an increase, gold plunges.
The stock market at current valuations is vulnerable to a significant market decline. Meanwhile, gold dropped to $1,301.96.
With the US diplomacy under attack due to accusations against President Trump, gold remained volatile and played the jack of all trades.
The precious metal will get more demand this month because of the Akshaya Tritiya festival, where gold is essential in the bride's dowry.
Uncertainties and tensions in global economies continue to dictate the price of precious metals.