Gold prices in India edged lower after rising for two days. In the previous two sessions, gold prices had risen over ₹400 per 10 gram. In global markets, gold prices continued their uptrend today, rising to one-week high of $1,511.24 per ounce. Worries about global economy, the trade war and softening monetary policy stance by global central banks have sharply lifted gold prices this year. Though gold prices have corrected from last month’s high of nearly ₹40,000, they are up about 20% so far this year.

Source: Mint October 10, 2019 04:18 UTC