Mumbai, Feb. 24 -- COMEX Gold futures retreated from fresh record highs last week on profit taking. However, the uncertainty and concerns over US President Donald Trump's tariff plans might cap the downside for Gold price. The counter is currently quoting at $2955 per ounce. Local traders are trying to assess the impact of latest price surge on retail demand. A latest update from the World Gold Council or WGC shows that India's gold jewellery demand has fallen for three consecutive years. It stood at 610 tonnes in 2021, dropped to 600 tonnes in 2022, dropped further to 575 tonnes in 2023, and is estimated to fall to 563 tonnes in 2024, marking a drop of 7% from 2022 levels.
Published by HT Digital Content Services with permission from Capi...