Commodities
Indian Gold Prices Rebound Amidst Festive Demand and Global Uncertainty
Gold prices in India have witnessed a significant fluctuation in September following their rally in August. Despite global pressure, the Indian gold market has shown resilience due to various domestic factors.
The price of gold fell by over 8000 rupees from its peak in August, which is relatively less compared to the global market.
24-carat gold reached a peak of 1,56,660 per 10 grams in August but cooled down to 1,53,300. The minor fluctuations indicate the gold market's resilience and the flow of domestic demand.