“Gold prices witnessed a sharp correction today after a strong rally over the past few days, which was largely driven by market fears surrounding President Trump’s expected tariff decisions. Now that clarity has emerged on the tariff front, the nervousness in the market has subsided.

Moreover, the market is now factoring in the possibility of the Federal Reserve maintaining higher interest rates for a longer period, as the tariff measures are likely to fuel inflationary pressures.

In my view, there’s limited room for gold prices to climb further in the near term, and I don’t anticipate any immediate recovery from current levels. The recent correction reflects a more balanced sentiment returning to the market.”

— Manoj Kumar Jha
Managing Director, Kamakhya Jewels Limited