Gold and silver prices are undergoing correction after witnessing a sharp rally over the past year and investors are wondering where the precious metals will head now.Experts say that the pullback is temporary, and the overall outlook for gold and silver remains strong.Rajesh Rokde, chairman of the All India Gem and Jewellery Domestic Council, told ANI that the recent fall in the yellow metal was expected after a long upward run.
Silver Shines Brighter Than Gold This Dhanteras Amid High Prices
“Gold has seen a one-sided rise. If I look at the last four months, it has gone from around $3,300 per ounce to $4,400 per ounce, which is nearly an increase of $1,100 per ounce.”The chairman further added that in the past year, “prices have risen for 24 karat gold from Rs 75,000 per 10 grams to Rs 1.3 lakh per 10 grams. So, this correction was expected.”However, the decline is unlikely to…
