The Economic Times
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| 08 March, 2021, 10:36 AM IST | E-Paper
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    Gold price has fallen 19% from its all-time high: Is it the right time to invest?

    Synopsis

    There are still some factors that are positive for gold and these include the US stimulus package worth $ 1.9 trillion, which is expected to be approved soon, and the expected uptick in inflation due to firming up of commodity prices.

    Domestic gold prices are under pressure for the past few months. Standard gold of 99.5% purity is now trading at Rs 45,327 per 10 g, down by 19% from its all time high of Rs 55,901. Is it just a correction or is the gold rally finally over? To get a clear answer to the question, one needs to consider all the factors that were pushing up gold prices earlier. Gold is the best safe haven asset and therefore, people buy it in periods of
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