MUMBAI: The rush for gold may slow down after Diwali, as the yellow metal is expected to open on a weak note in the domestic market on Wednesday.
This comes after international gold prices fell sharply by 5.5 per cent -- the steepest decline since August 2020.
Analysts expect Indian gold prices to correct to around Rs 1.22–Rs 1.23 lakh per 10 grams when markets open on Wednesday.