Gold Prices Down 30%! Expert Reveals The Best Time To Start Buying

Gold prices have witnessed a sharp correction, falling nearly 30% from their all-time highs, while silver has also seen a steep decline. Rising inflation, expectations of higher interest rates, a stronger US dollar, and weaker safe-haven demand have weighed on precious metals. Navneet Damani, Senior Group Vice President - Head Research at MOFSL, believes the current correction offers a gradual buying opportunity for long-term investors. He recommends deploying capital in phases over the coming months as the interest rate outlook becomes clearer, while maintaining a positive medium-term outlook for gold despite the possibility of further near-term volatility.