Gold Price In India Holds Just Above Rs. 50,000/10 gm; Global Rates Dip Below $1700/oz

Gold prices in the country are on a losing streak. This is a good news for those who offloaded some of their holding anticipating a cut in gold price given the monetary tightening measures world over. As we write, internationally spot gold at around 12:01 pm has moved below $1700 per oz. This is a sheer collapse of $143 or 7.8% in a month's time.

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