Gold price today stands at Rs 1,20,440 according to the India Bullion Co (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices today were trading at a stable levels above the Rs 1,20,000 mark, amid the festive season. Gold price today stands at Rs 1,20,440 according to the India Bullion Co. The previous high that the yellow metal hit was on Sept. 23, when the price rose to Rs 1,18,200 on Oct. 5.

Gold had crossed the Rs 1,10,000 mark on Sept. 15, and the possible rate cut from the Fed had driven the rally. Renewed concerns over the US government shutdown have reinforced safe-haven demand, keeping precious metals well-supported. The shutdown has increased economic uncertainty and increased the bets of the interest rate cut in this year. Invest

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