Will gold prices correct after Diwali? Domestic market likely to open lower following steep international drop

Gold prices are expected to open lower domestically post-Diwali following a significant drop in international spot rates. This price correction is anticipated to sustain the strong demand observed during Dhanteras, benefiting consumers, especially those with upcoming weddings. Despite high prices, festive season demand for gold has remained robust, with a notable increase in investment interest and wedding-related purchases.

from Economic Times https://ift.tt/b5Uux0c