Mumbai, January 25
Gold prices continued to rise for the eighth day this week and for the first time crossed the Rs 83,000 per 10 gram mark with an increase of Rs 200. According to the All India Bullion Association, gold of 99.9 per cent purity touched a new record high of Rs 83,100 per 10 grams on Friday, up from Rs 82,900 on Thursday. Gold prices also touched a near three-month high on Friday as they traded around $2780, marking their fourth consecutive weekly gain.
Several factors are driving the rise in gold prices, including strong demand in the spot market and positive global cues. Experts believe that uncertainty surrounding US President Trump’s trade policies and a flight to safe havens ahead of key central bank policy meetings could continue to fuel higher demand for gold. IANS
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