24/4/2025, 2:24:03 pm

Is the gold price rally losing steam after soaring 42% in a year?

Gold prices reached a record high of $3,500.33 and Rs 98,713 in India before facing selling pressure, currently trading at $3,323 and Rs 95,890. The 25% gain in four months and 42% in a year reflects declining confidence in dollar-backed assets amid economic uncertainty. Experts predict gold will remain supported due to lingering geopolitical risks and economic uncertainty.