From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Trump's loss in US midterms hands Indian gold buyers new setup before Dhanteras
What's behind this
Jewellers anticipate that a fall in gold prices will boost sales of Dhantera jewellery, with coins and bars expected to lead the market as investors and gift‑givers show interest, according to stakeholders. The decline in gold prices comes as the Indian wedding season starts, offering buyers a chance to purchase jewellery. As of October 21, 24‑karat gold was priced at Rs 1,46,270 per 10 grams and 22‑karat gold at Rs 1,34,081 for the same weight, according to a bullion website.
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Gold prices surged over 2% on Wednesday, with a weaker US dollar and lower Treasury yields supporting the rally after Democrats made gains in the US midterm elections. In India, 24-karat gold rose 2.26% to ₹14,280 per gram.
RSS excerpt
Gold prices surged over 2% on Wednesday, with a weaker US dollar and lower Treasury yields supporting the rally after Democrats made gains in the US midterm elections. In India, 24-karat gold rose 2.26% to ₹14,280 per gram.
