Kunal Shah Says, Gold May Rally Ahead After Recent Correction | Check Upside Potential

Kunal Shah Says, Gold May Rally Ahead After Recent Correction | Check Upside Potential

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Shailendra Bhatnagar
  • Updated Jul 2, 2026 4:56 PM IST

Gold prices have witnessed a healthy correction, but the long-term outlook remains positive. Kunal Shah, Head of Commodity Research at Nirmal Bang, believes the recent weakness is temporary and expects a trading bounce over the next one to two months. He remains bullish on gold and sees the potential for a 5% to 10% rally from current levels. Shah also highlights encouraging sentiment in India's physical gold market, suggesting that underlying demand remains supportive despite short-term volatility. Watch the full discussion to understand what is driving gold prices and whether this correction presents a buying opportunity for investors.

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