Key Points
prices continued in the international market for the third consecutive day and it went past the $2,100-per-ounce mark early on Monday..
The rally also had an impact on domestic. as the yellow metal breached the Rs 64,000/10 grams mark on MCX..
Surendra Mehta, president, the Indian Bullion & Jewellers Association, said that the recent surge in gold prices in the international markets was on the back of news of a US warship and some commercial ships coming under attack in the Red Sea..
"The market has made a huge high in just two months from $1,820 levels to nearly $2,150 so it needs a correction because it needs some news to rise again," he said...
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