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Gold Prices Dip Below Rs 1 Lakh

  • Gold prices in India fell below Rs 1 lakh per 10 grams after a historic rise, driven by profit booking.
  • On April 24, 24-carat gold was priced at Rs 98,340 per 10 grams in Mumbai, while 22-carat gold stood at Rs 90,140.
  • Global economic uncertainties and US recession fears had previously pushed prices above Rs 1 lakh.
  • Technical charts indicate trend exhaustion, aided by a slight rebound in the US Dollar index and easing tariff comments from President Trump.
  • Despite volatility, gold remains a favored safe-haven investment, though premiums have slightly lowered.

Source: News 18, Mint

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3mo ago
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