No gold rush: Safe-haven asset feels the March heat

If price stability returns & the Ukraine war ends, demand recovery is expected to be healthy

Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases.
 

Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
 

The rally in gold prices has been so quick that a positional investment demand has also been tepid at this level.
 

Market participants hope for gold price stability for