Gold prices are high in India despite a bearish trend globallygood time to offload excess holdings
After 12 years of an uninterrupted rally, gold prices faltered for the first time in the second half of 2011. Since then, global gold prices have corrected nearly 45% from their peak of $1,900 per ounce. Legendary investor Jim Rogers, in an interview published in businessinsider.com in July 2013, said that a 40% correction from peak is not uncommon for a commodity that has rallied for so long. He, in fact, didn’t rule out a correction of another 5-10%.