Gold Price Prediction: Ajay Kedia Predicts ₹1.80 Lakh Target After Sharp Fall

Gold prices have slipped to a seven-week low, raising questions about whether the correction offers a fresh buying opportunity. The recent decline has been driven by a stronger dollar, easing crude oil prices, inflation concerns and expectations around US Federal Reserve policy. Ajay Kedia, MD & Director, Kedia Advisory, explains why the broader fundamentals remain supportive, with continued central bank purchases, ETF demand and de-dollarisation trends. He also highlights key MCX levels and explains why gold could remain range-bound in the near term. Kedia expects gold prices to potentially retest ₹1.75–1.80 lakh by year-end if fundamental demand stays strong.