Gold Price Correction Sparks Renewed Demand in Asian Markets

In early January 2025, gold prices experienced a sharp correction from their record highs, leading to a significant shift in market dynamics across major Asian consumer markets. The price of gold, which had reached an unprecedented high of 140,465 rupees per 10 grams in India, corrected to approximately 136,700 rupees by the end of the week. This adjustment marked a reversal in the way gold was priced in key markets such as India and China, where the metal transitioned from trading at discounts to premiums for the first time in two months.