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Gold price crashes over ₹38,600 from record high — What'll happen amid Diwali 2026 fervour? Right time to buy? Decoded
In brief
MCX gold has fallen 21.43% from its January record, settling at ₹1,42,024 per 10 grams as inflation concerns, higher crude prices and investor selling weigh on precious metals. Experts say festive …
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Why it matters for gold
The report from Livemint.Com focuses on “Gold price crashes over ₹38,600 from record high — What'll happen amid Diwali 2026 fervour? Right….” The wording points to a fresh price extreme, which can attract momentum demand while also encouraging profit-taking. The cited reference figures — 21.43% — provide concrete levels to compare with subsequent sessions. Inflation and currency moves alter real purchasing power and demand for protection against monetary erosion. Confirmation would be similar follow-through in spot prices, futures positioning and trading volume. This is market context, not a price forecast or investment advice.
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