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Gold prices rose over 25% from last quarter of 2018; trade talk, rupee eyed

Feeble global economic outlook, intensifying trade war tensions between the US and China, hopes of policy easing from major central banks, Brexit and other geopolitical tensions lifted the yellow metal’s traditional safe-haven demand.

October 19, 2019 / 10:17 AM IST

Hareesh V

After surging to a six-year high, gold prices in the international market corrected slightly but managed to stay near the psychological level of $1,500 an ounce.

Domestic gold too traded lower after hitting a record high of Rs 39,699 per 10 grams in the futures market.

Gold in the key London spot market has gained more than 25 percent since the last quarter of 2018. Gains in Indian market was a tad higher due to weakness in domestic currency.