SRINAGAR : Gold prices surged by Rs 1,500 to reach Rs 1,27,300 per 10 grams in the national capital, driven by strong gains in international markets, according to the All India Sarafa Association. Follow Us On G -N e w s | Whatsapp

Gold of 99.5 per cent purity rose to Rs 1,26,700 per 10 grams, inclusive of all taxes. Silver also rebounded sharply, climbing Rs 4,000 to Rs 1,60,000 per kilogram, ending a three-day losing streak in the domestic bullion market.

Analysts attributed the rally to renewed safe-haven demand and weaker-than-expected US labour market data, which intensified speculation over a potential interest rate cut. “Gold advanced on Wednesday, supported by safe-haven demand, while persistent weakness in the US labour market kept rate-cut expectations a

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