Gold prices today were trading near the record high of levels above the Rs 1,13,000 mark, driven by festive demand and safe-haven demand (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Gold prices today were trading near the record high of levels above the Rs 1,13,000 mark, driven by festive demand and safe-haven demand.
In India, the prices held steady at Rs 1,13,170 per 10 gm, according to the India Bullion Association, compared to Rs 1,14,360 on Thursday. Gold prices had slipped further last week after the US Federal Reserve meeting. The commodity had hit a fresh high of $3,707.57 ahead of the meeting.
Gold had crossed the Rs 1,10,000 mark on Sept. 15, and the possible rate cut from the Fed had drove the rally. Market analysts are optimistic a