New Delhi, April 17 -- Gold prices witnessed a sharp correction in March, falling as much as 12%, marking the steepest decline since 2013. This may have unsettled markets, but the fall was largely technical, driven by ETF outflows and leveraged selling rather than any deterioration in fundamentals, according to a report by Mirae Asset Investment Managers (India).
"Central banks continue to provide a structural demand floor. After net purchases of 863 tonnes in the year 2025, WGC expects another 750-850 tonnes of buying in 2026, well above historical averages. While some central banks have reported sales, these have been operational or idiosyncratic, not directional. France's sale of 129 tonnes reflected a swap and repatriation exercise, wi...