The Dec. 25 futures fell to Rs 1,22,900 according to the Multi-Commodity Exchange. (Photo source: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India fell to Rs 1,23,430 on Tuesday, extending decline for the third session.

The metal extended decline after it ended Tuesday's session 4% lower, trading around $4,034 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.

Economists at Macquarie Group expect prices to decline over the next year following a 50% year-to-date surge. "With global growth beginning to

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