Gold prices edged towards four-month lows on Monday and have lost 27% in dollar terms on a YoY (Year-on-Year) basis.
Domestically prices continue to be at a premium, remaining almost flat this year due to depreciation in the rupee and government curbs on imports squeezing supplies and providing some cushion.
But prices are set for a correction according to market experts who are looking at a confluence of factors that point towards more bearishness creeping into the bullion market.
Here are five reasons why the yellow metal could be set for an imminent price correction...
Text: Nikhil Inamdar, Business Standard
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