.DSF audio file to .FLAC audio file

Hello.

I have a question.
I recently got a .dsf format audio file wich I want to convert to 24bit - 192khz .flac.
I know the downsample is lossy, but I´m not sure if there is also a gain drop in the process.
I just compared a converted file by Audacity to an another audio file wich already was 24 - 192 .flac (not converted by me) and the volume of the audacity sample sounds lower.

Is there a gain drop in audacity process or it’s just that the other audio was normalized to another level?

It should get the same decoding whether you open it in Audacity or play it. But in any case you can normalize (1) before saving the “final” FLAC.

(1) Regular normalization is peak normalization. It adjusts the volume for peaks at, or near, the 0dB digital maximum. The peaks don’t correlate well with perceived loudness. Most commercial music is normalized, but some tracks are still louder than others.

Loudness normalization shoots-for a target perceived loudness. (And you have to be careful not to clip/distort the peaks.)

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Alright. Thank you so much. Thank you for reading and answering, I apreciate it.