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Below the Quote on Mr. Rajkumar Subramanian, Head - Product & Family Office, PL Wealth

‘The sharp drop in gold prices is a reaction to a blowout US jobs report, which signals that interest rates might remain higher for longer, strengthening the dollar and pulling money away from precious metals. For families buying for upcoming weddings or individuals using gold for long-term savings, this correction shouldn't cause panic. “Moving forward, buyers should take advantage of these short-term dips to slowly add to gold positions as it remains a reliable safe-haven asset. Prices in the near term are likely to remain volatile ahead of upcoming US inflation data and Federal Reserve updates, but gold continues to be a critical long-term hedge against inflation.

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