Gold prices in India today were marginally lower at Rs 123,550, after the festive season (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India today were marginally lower at Rs 123,550, after the festive season. This compares to the Rs Rs 1,24,530 levels on Friday.

During the week, Gold prices slid the most in 12 years after a weeks-long furious rally. A confluence of factors dragged down the precious metal including positive trade talks between China and the US, a stronger dollar, overstretched technicals, and uncertainty on investor positioning due to the government shutdown, were factors cited for the price drop on the global scale.

While in India, the end of the seasonal buying spree stands as the major reason for the dip. Gold p

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