Prices gained 2 per cent on Monday, recovering from a two-month low hit on Thursday. US gold futures added 0.4 per cent to USD 2,623.70
Read MoreThe ongoing correction in gold prices comes after a prolonged rally earlier this year, which saw the precious metal hit record highs
Read MoreBefore the election, there was speculation that US Treasury yields and the dollar had peaked and that a weaker dollar might follow, potentially lowering yields
Read MoreThe continuing deficits and unsustainable debt in the US is gradually eroding confidence in the dollar as reflects in the dollar's share of global reserves
Read MoreTotal gold demand increased by 5 per cent year-on-year, reaching 1,313 tonnes, driven by robust investment in a record-high price environment
Read MoreExperts attribute this resilience to a well-timed customs duty cut, which has kept prices from climbing to Rs 90,000
Read MoreThe country imported USD 10.06 billion worth of gold in September 2024, a significant jump from USD 4.94 billion in the same month last year
Read MoreIf your goal is investment rather than jewellery, digital gold or gold ETFs could be more cost-effective, as they eliminate making charges and storage issues
Read MoreFed Chair Jerome Powell’s comments at Jackson Hole hints at upcoming interest rate cuts, which could impact gold prices
Read MoreAccording to industry reports, India's gold demand is expected to rise by 15-20 per cent during the festive and wedding season, especially after the government reduced the gold import duty earlier this year
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