Will Gold Prices Fall Below ₹10,000? Experts Weigh In
Recent reports suggesting a sharp fall in gold prices below ₹10,000 per gram have sparked debate, but experts say such a steep drop is highly unlikely. While prices have eased slightly in recent days, strong global demand continues to support gold.
Many countries, including India and China, are steadily increasing their gold reserves as they reduce dependence on the US dollar-especially after recent geopolitical tensions. According to experts from HDFC Securities, only a major shift in global currency usage or large-scale selling of reserves could pressure prices, which appears unlikely in the near term.
Economist Anand Srinivasan notes that gold may correct marginally but is expected to find strong support around higher levels and rise over the long term due to inflation, rising US debt, and global uncertainty. Overall, investors are advised to ignore rumors and maintain a long-term perspective on gold.
