Gold has dropped about 6–10% from its recent record highs — roughly US $4,380 → US $4,080 globally, and ₹1.32 lakh → ₹1.19 lakh per 10 g in India.

Reasons:

• Profit-taking after a long rally

• Stronger U.S. dollar and higher bond yields

• Reduced safe-haven demand as market risk eased

• Technical correction after overbought conditions

Outlook:
Analysts view this as a temporary pullback, not a trend reversal — gold may stabilize or rebound once the dollar weakens or inflation fears rise again.