Gold Prices Gain After 14 Months As Indian Stock Market Stumbles
Gold prices soared to over 14-month high of Rs. 31,600 per ten gram, a level last seen on November 9, 2016. Gold prices rose by Rs. 330 at the bullion market, in tandem with overseas trend. Traders said the gains in gold prices also supported by strong demand from local jewellers to meet the wedding season demand. Silver prices also gained and reclaimed the Rs. 40,000 per kg mark on the back of increased offtake by industrial units.