Gold prices in India and globally experienced notable volatility this week. After reaching all-time highs, gold plunged sharply, then showed signs of a rebound—creating both caution and opportunity for investors.
Gold Prices Key Figures & Facts:
The rate for 24-carat gold in India slipped to ₹1,25,890 per 10 g while 22-carat gold hovered around ₹1,15,400 per 10 g following heavy profit-booking.
Globally, gold futures on the New York Mercantile Exchange (COMEX) also dropped ~1.5% to around $4,047/oz after last week’s dramatic fall.
Stocks of gold-loan companies like Muthoot Finance Ltd. and Manappuram Finance Ltd. were impacted: Muthoot shares declined up to ~5%, Manappuram by ~2.8%, as bullion prices weakened.https://www.business-standard.com/markets/news/muthoot-manappuram-fin-shares-fall-as-much-as-5pc-as-gold-prices-retreat-125102300450_1.html?utm_source=chatgpt.com
What’s Driving the Move?
The sharp fall followed a sustained rally in gold which had soared close to ₹1.32 lakh per 10 g. Investors used the rally to book profits, triggering the decline. mint+1
Global cues: easing US-China trade tensions and signs of a stronger US dollar reduced safe-haven demand for gold. Financial Express+2The Economic Times+2
The rebound appears driven by renewed risk-off sentiment: fresh US sanctions on Russia and export curbs on China raised gold’s appeal again
What It Means for the Market & Investors:
- For jewellery buyers in India, the dip provides a somewhat better entry point—but volatility is high, so timing remains critical.
- For commodities/investment portfolios, gold remains up ~60% year‐to‐date, making the current correction a potential consolidation rather than reversal. The Economic Times+1
- For finance companies involved in gold-loan business, exposure to bullion price swings adds risk to their asset quality and income profiles.
- For regional markets like Punjab (and your audience at Ziviakaa.com), the jewellery and investment demand story matters: local jewellers may adjust margins, consumer demand may slow temporarily, and import cost pressures may shift.
Outlook & What to Watch:
- Key support levels for 24-carat gold in India appear around ₹1,20,000-₹1,21,000 per 10 g; resistance is near ₹1,25,000-₹1,25,500. mint+1
- Global inflation data (especially US CPI), the next Fed policy decision, and any new escalation in trade/geopolitical tensions will be major triggers for gold’s next leg.
- Investors should monitor gold-loan companies for credit risk and watch local jewellery demand in states like Punjab for early signs of shifting consumption patterns.
After touching record highs earlier this week, gold prices in India slipped slightly on Friday, as global investors shifted focus toward upcoming U.S. economic data and the strengthening U.S. dollar.
In Punjab, the 24-carat gold price is currently trading around ₹1,25,890 per 10 grams, while 22-carat gold stands near ₹1,15,380 per 10 grams.
Conclusion:
While gold’s recent sharp drop might appear alarming, the broader context suggests it could be a healthy correction in a strong up-trend. For readers of Ziviakaa.com interested in Punjab and wider investment trends, this movement underscores how global commodities impact local markets—from jeweller margins to personal investment decisions.
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