New Delhi, Nov. 7 -- Gold's spectacular rally has given way to a sharp correction, leaving investors at a crucial crossroads as Samvat 2083 begins. Domestic gold prices have fallen nearly 21% from their record high of Rs.1,80,779 per 10 grams to around Rs.1,42,364, wiping out a significant portion of the gains that had fuelled the precious metal's record-breaking run. The latest selloff has been driven by weaker spot demand, with gold futures on the MCX declining 1.51% on Friday, 6 November, to Rs.1,41,917 per 10 grams.

Yet, the correction comes against a backdrop of strong long-term returns and a historically favourable pre-Diwali trend. Motilal Oswal's analysis highlights how domestic gold prices have climbed from around Rs.30,000 in 2...