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Kumar Rohit

Building htractionย โ€ขย 4m

๐Ÿ’ฐ Gold Isn't Always Golden: A Look at Past Corrections in INR ๐Ÿ‡ฎ๐Ÿ‡ณ Gold has long been considered a safe haven, but even the most reliable assets see their fair share of corrections. ๐Ÿ“‰ Here's a quick look at some major dips in gold prices in India over the years: ๐Ÿ”น 1981โ€“1982: From โ‚น1,800 โžก๏ธ โ‚น1,645 Reason: Stabilization after the global gold boom. ๐Ÿ”น 1996โ€“1998: From โ‚น5,160 โžก๏ธ โ‚น4,045 Reason: Strong US dollar and low global inflation. ๐Ÿ”น 2012โ€“2015: From โ‚น31,050 โžก๏ธ โ‚น26,343 Reason: Global gold price slump & rising USD strength. ๐Ÿ”น 2020โ€“2021: Pandemic high of โ‚น48,651 plateaued at โ‚น48,720 Reason: Correction post initial Covid-driven rally. ๐Ÿ”น 2024 Correction: From โ‚น79,775 (Oct) โžก๏ธ โ‚น73,300 (Nov) Reason: Consumer resistance to high prices, increased discounts. ๐Ÿ“Š Gold has surged over the decades, but understanding these corrections is vital for any smart investor. Itโ€™s not just about when to buy, but also why. ๐Ÿ’ก Are you tracking gold as a long-term asset or watching for short-term movements?

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