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Kumar Rohit

Building htraction • 2d

💰 Gold Isn't Always Golden: A Look at Past Corrections in INR 🇮🇳 Gold has long been considered a safe haven, but even the most reliable assets see their fair share of corrections. 📉 Here's a quick look at some major dips in gold prices in India over the years: 🔹 1981–1982: From ₹1,800 ➡️ ₹1,645 Reason: Stabilization after the global gold boom. 🔹 1996–1998: From ₹5,160 ➡️ ₹4,045 Reason: Strong US dollar and low global inflation. 🔹 2012–2015: From ₹31,050 ➡️ ₹26,343 Reason: Global gold price slump & rising USD strength. 🔹 2020–2021: Pandemic high of ₹48,651 plateaued at ₹48,720 Reason: Correction post initial Covid-driven rally. 🔹 2024 Correction: From ₹79,775 (Oct) ➡️ ₹73,300 (Nov) Reason: Consumer resistance to high prices, increased discounts. 📊 Gold has surged over the decades, but understanding these corrections is vital for any smart investor. It’s not just about when to buy, but also why. 💡 Are you tracking gold as a long-term asset or watching for short-term movements?

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