Gold prices may see a sharp correction

INTERNATIONAL GOLD PRICES recently hit $4,000 per ounce— an all-time high— continuing their upswing amid global headwinds.

- RAJESH BHAYANI

In the current financial year so far, international prices of the yellow metal have seen a 30% rise.

The surge is even better in India, with gold prices rallying 37.5% in the current financial year. In just the first eight days of October, they are up 6%.

Experts, however, said signs of some profit-booking coming soon are now visible.