“Surging equities and a steady dollar are concerns which may drag gold prices down in the near future as it had shifted investor attention to other asset classes. Also, concerns over hiking the interest rates may further diminish the safe haven appeal of gold,” said C P Krishnan, whole time director, Geojit Comtrade.
However, recuperating from its previous year’s sharp drop, gold and silver witnessed a sharp recovery during the first half of the year.
