Gold prices, which have been hovering near record highs globally and in India, may be due for a correction soon, according to Manoj Jha, Co-Founder of Kamakhya Jewels.

Speaking to CNBC-TV18, Jha said the yellow metal appears to have entered a “bubble zone” and could see a profit-booking phase in the coming months.

“Gold has reached its inflection point. Even investors are a bit worried,” Jha said. “Previously, gold gave big rallies in 1979-80 and again in 2010-11, but after those peaks, it corrected sharply.”

According to Jha, the recent surge in gold prices has pushed investors’ portfolio allocations higher than usual. “Generally, people have 10-12% of gold in their portfolio, but after the recent price rise, that proportion has gone up to 18-22%. So, people may want to book profits no

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