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Technical charting, including Fibonacci retracement levels, indicates the gold price forecast India 2026 has strong support at ₹65,500 and resistance near ₹75, That said, the sharp decline In India's July headline CPI is attributable to a rather high statistical base effect. With the high base effect continuing till the end of 2025, we expect headline CPI to remain well within the central bank's median target going forward. The upgrade comes after a turbulent period for the commodity. Global supply limitations and ETF inflows are key drivers for gold price forecast India
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