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Gold Price: Gold prices are likely to rise in the near future. Particularly given the current state of the market, these prices could place a heavy burden on your wallet.

Gold Rate: The impact of the US-Iran conflict is being felt across the globe. Consequently, India's economy is also facing instability. As a result, price hikes are being observed in various commodities used in daily life. Recently, reports have also emerged suggesting that gold prices, too, could witness an upward trend in the coming times.

Experts Explain...

In a recent interaction with *Business Today*, Ritesh Jain, Founder of PineBridge Macro, shared his insights. During the discussion, he noted that the correlation between gold prices and income growth appears to be breaking down. He stated, "If you look at the fluctuations in gold prices over the past few years—whether denominated in US Dollars or Indian Rupees—income levels have not risen commensurately. On a global scale, there has been no improvement in real sales."

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Ritesh further pointed out that, due to the high cost of gold, people have already begun compromising on its quality. Ritesh remarked, "You can already see people shifting from 24-karat gold to 22-karat, and even further down to 16 or 12-karat gold. Pure gold is gradually moving beyond the reach of the common man."

Gold prices have retreated significantly from their all-time highs. On the MCX, prices have declined by approximately 26% (amounting to roughly ₹53,000 per 10 grams) from their peak level of ₹2,02,984. Currently, prices are trading within a limited range, as there are no major new market triggers influencing the trend. While there has certainly been a slight recovery, persistent selling pressure at higher levels is preventing the price from rising significantly.