Gold Prices Plunge: Will Yellow Metal Drop Below Rs 1 Lakh Soon? Experts Weigh In

• Gold prices saw dramatic swings, hitting a record high of Rs 1,80,779 in January before a sharp decline.
• Last Friday, gold dropped by nearly Rs 24,500 (13.5%) to Rs 1,56,200, continuing to dip on February 16.
• Experts attribute the correction to Russia's potential shift towards dollar-based trade, unsettling de-dollarisation efforts.
• Easing geopolitical tensions from the Russia-Ukraine war are altering market sentiment, reducing gold's safe-haven appeal.
• Analysts predict gold could stabilize between Rs 90,000-Rs 1,00,000, advising caution amid ongoing volatility.