Gold prices witnessed a noticeable correction, falling by over ₹1,300 per 10 grams in the domestic market. The decline comes after gold recently touched record levels, leading to profit booking by investors.
Despite the fall, demand is expected to remain strong due to the upcoming festive season like Akshaya Tritiya, which traditionally drives gold purchases in India.
Experts suggest that such corrections may provide buying opportunities for long-term investors, especially amid ongoing global uncertainty.
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