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Commodities

Gold Prices Soar ₹600 Amid Weak Dollar, Firm Global Trends

Guavy AI Editorial Team
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Gold
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Gold prices rebounded by ₹600 to ₹1,56,800 per 10 grams in New Delhi on Monday as a weak US dollar and firm global trends boosted demand for bullion.

The price of gold had closed at ₹1,56,200 per 10 grams on Friday.

According to local traders, silver remained flat at ₹2,40,000 per kilogram (inclusive of all taxes) for the second straight session.

Analysts attribute the recovery in gold prices to a softer US dollar and easing expectations for aggressive Federal Reserve tightening following weaker US economic indicators.

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