Gold rates New Delhi, the price stood at Rs 1,20,660, per 10 gm, and in Mumbai, it stood at Rs 1,20,870. (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India stood at Rs 121,090 on Friday. Gold held steady as traders assessed remarks from Federal Reserve officials alongside data revealing a sharp slowdown in the US labor market, heightening expectations for lower interest rates.

The metal was little changed, trading just above $4,000 an ounce. Gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying.

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