Despite recent fall, Gold and Silver still has upside potential: Experts

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Gold and silver prices, which have seen a sharp rise over the past year, are currently witnessing some correction, but experts believe the pullback is temporary and the overall outlook remains positive.

Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, told ANI that the recent correction in gold prices was expected after a one-sided rally.

“Gold has seen a one-sided rise. If I look at the last four months, it has gone from around USD 3,300 per ounce to USD 4,400 per ounce, which is nearly an increase of USD 1,100 per ounce. Over the past year, in the Indian market, prices have risen for 24 karat gold from Rs 75,000 per 10 grams to Rs 1.3 lakh per 10 grams. So, this correction was expected,” he said.

He added that the correction is not likely to la