New Delhi, March 26 -- Gold prices have witnessed a sharp correction from their recent highs, entering into their bear phase, crashing around 20% from their recent peak, hit in January 2026. However, the broader outlook remains constructive as global uncertainties, central bank demand and macroeconomic factors continue to support the precious metal.

Gold prices fell on Thursday, weighed down by increased expectations of U.S. Federal Reserve rate hikes this year as elevated oil prices stoked inflation worries, with investors awaiting clarity on Middle East de-escalation efforts. Spot gold fell 1.2% to $4,451.47 per ounce by 0811 GMT. U.S. gold futures for April delivery lost 2.3% to $4,448.

Experts believe that the recent fall is not a s...