India, May 12 -- Gold prices in India witnessed a mild correction on 12 May 2026 after recent record highs, but the broader trend remains resilient as inflation fears, geopolitical uncertainty and volatile crude oil prices continue to support safe-haven demand. Domestic bullion markets stayed cautious with investors closely monitoring US-Iran negotiations, global inflation readings and movements in the US dollar. Despite today's decline, gold has delivered strong returns over the past year while analysts believe investors are still treating bullion as a long-term hedge against inflation and currency volatility. MCX futures also reflected profit booking at higher levels, indicating temporary consolidation rather than a major reversal.a

Do...