Gold Prices Fall 10% In A Month; Move Away From Gold’s Eight Straight Month Rally Globally

Gold rates in India having jumped to a record high this month of Rs. 56200 per 10 gm on August 7 have lost their grip aided by a mixed set of cues. If we talk of the yesterday's session gold tracking stable rates overseas jumped by a tad on indications that the US will further release the bail-out package which will help the world's most developed economy to return to its pre-Covid strength. But the yellow-metal then buoyed by stronger dollar as a result of better employment figure released later in the day in the US was dragged lower again by a tad.

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