Gold prices in India have fallen to ₹60,240 per 10 grams on Friday, down from ₹61,370 logged on October 31. This decline in prices has uplifted sentiments and led to a potential revival of sluggish jewelry sales. Additionally, there has been an increased demand for digital gold this Dhanteras. Although jewelry sales were up 12% in value terms, they only saw low single-digit growth in volume due to recent price fluctuations. Despite high prices and global uncertainty, overall sentiment remains positive. Investment in gold ETFs has also surged, reaching ₹841 crore last month compared to ₹175 crore in September. The appeal of gold as a safe haven and hedge against inflation is expected to continue, given ongoing geopolitical tensions, higher-than-expected inflation, and a slowing growth rate. Gold prices have come down from their recent peaks, presenting a buying opportunity. [65ce2bd4]