Gold Prices Dip 1% After Record High Amid Geopolitical Tensions

• Gold eased 1.02 percent to Rs 1,51,776 per kilogram on January 22, a day after hitting a new high.
• The yellow metal had reached a record high of Rs 1,58,780 on MCX and $4,883 internationally.
• Geopolitical tensions (EU-US over Greenland, Russia-Ukraine) are driving demand for gold as a safe-haven asset.
• Experts predict gold could extend its rally towards $5,000 per ounce due to persistent risk-off sentiment.
• Gold prices vary slightly across Indian cities due to local taxes and logistics.

Why It Matters: Gold prices saw a slight dip after reaching a new high, but geopolitical tensions continue to fuel its demand.