November 18, 2024 5:35 PM

Gold prices dip 9% from peak, experts suggest support at current level

Gold prices showed a modest recovery on Monday, breaking a six-day losing streak. However, both international and domestic gold prices remain around 9% below their recent peaks, driven by global economic conditions and market sentiment. Internationally, gold was trading at USD 2,597 per ounce, slightly up from its recent low of USD 2,537 per ounce but still down from its peak of USD 2,790 per ounce. In India, gold on the Multi Commodity Exchange (MCX) was trading at Rs 74,657 per 10 grams, mark...