In New Delhi, gold price stood at Rs 1,24,150, per 10 gm, and in Mumbai, it stood at Rs 1,24,360 on Tuesday. (Photo source: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India stood at Rs 1,24,590 on Tuesday as the longest government shutdown in US history nears end.

The metal held gains after recording its biggest daily jump since May, trading around $4,140 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.

Economists at Macquarie Group expect prices to decline over the next year following a 50% year-t

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