Gold Prices Down Rs 19,000 from Peak: Is Now the Time to Buy Amid Geopolitical Tensions?

• Gold is Rs 19,000 below its record high of Rs 1,80,779, currently at Rs 1,61,675 on MCX, making it attractive for investors.
• Geopolitical tensions (US-Iran, potential US focus on Cuba) and US inflation are creating market uncertainty, driving demand for safe-haven gold.
• A strong US dollar, bolstered by rising crude oil prices, is currently curbing gold's rally despite global instability.
• Analysts suggest buying on dips; domestic market's crucial level is Rs 1,65,000, with new records expected by mid-2026.