 "gold, gold prices")
Gold, which closed at Rs 60,450 per 10 grams on Friday, is up 5.2 per cent in October, and 10.6 per cent year-to-date.
The outbreak of the Israel-Hamas war has provided a fillip to its price.
If the current upsurge continues, it could well cross its previous high of Rs 61,400 per 10 grams reached on May 4, 2023.
Says Col. Sanjeev Govila (Retd.), Sebi-registered investment advisor and chief executive officer, Hum Fauji Initiatives: “Gold prices thrive on volatility and more so when the stock markets trend downward.”
Roller-coaster ride
Gold’s positive performance has come after a rollercoaster ride.
Says
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