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Karnataka deputy CM tech industry

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Gold Price Crash: ₹38,000 Drop from Record Highs on MCX

01/02/2026 20:08

Gold prices on MCX have fallen sharply by nearly ₹38,000 from record highs, driven by US dollar strength and Fed chair concerns. Analysts advise disciplined allocation as market veterans like Ray Dalio recommend 5-15% gold in portfolios.