After a sharp rally that took gold to record highs earlier this month, the yellow metal is now taking a breather. Gold December futures are trading around Rs 1.21 lakh per 10 grams, while silver is down to Rs 1.43 lakh per kg on the Multi Commodity Exchange (MCX), falling sharply in the past week.
According to analysts, the dip was both expected and healthy after gold prices shot up from nearly Rs 75,000 to Rs 1.30 lakh in just a few months. A correction of about 10-15% was on the cards, which would bring prices closer to Rs 1.15 lakh per 10 grams.
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“After gold prices surged sharply from around Rs
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