Gold Price outlook: After record highs of around Rs 56191 and closing the year with 28% gains, here is what has happened now
Sugandha Sachdeva, VP-Metals, Energy & Currency Research at Religare Broking says that after a stellar run in 2020 where gold prices scaled to record highs of around Rs 56191 per 10gm and closed the year with gains of 28%, the precious metal has cooled off and prices are witnessing a corrective wave. The question that comes to mind is what’s leading to this decline in gold prices?
Sachdeva says there are lot of factors leading to this profit booking in gold and have pushed prices close to Rs.46000 per 10gm mark: Reuters