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Below the Perspective on price drop of gold and silver by Mr. Colin Shah, MD, Kama Jewelry

 “The price correction in both gold and silver is the result of a mix of dollar strength and higher expectations of additional hikes in U.S. rates, which have been a drag on investor appetite for non-yielding assets like gold and silver. The near-term trend can still be volatile, particularly silver after the steep drop, but this doesn't necessarily affect the overall dynamics.

Periods like these typically tend to attract value buying, particularly in physical-demand led markets like India when prices soften. Having said that, this drop in prices still looks more of a healthy correction than a structural break, and the long-term fundamentals are still bullish for precious metals"

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