Gold Prices Dip 1% After Record High Amid Geopolitical Tensions
Business
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Moneycontrol•22-01-2026, 09:36
Gold Prices Dip 1% After Record High Amid Geopolitical Tensions
- •Gold eased 1.02 percent to Rs 1,51,776 per kilogram on January 22, a day after hitting a new high.
- •The yellow metal had reached a record high of Rs 1,58,780 on MCX and $4,883 internationally.
- •Geopolitical tensions (EU-US over Greenland, Russia-Ukraine) are driving demand for gold as a safe-haven asset.
- •Experts predict gold could extend its rally towards $5,000 per ounce due to persistent risk-off sentiment.
- •Gold prices vary slightly across Indian cities due to local taxes and logistics.
Why It Matters: Gold prices saw a slight dip after reaching a new high, but geopolitical tensions continue to fuel its demand.
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