Gold prices, which have been fluctuating sharply in recent weeks, continued their upward trend today, once again moving close to the Rs 95,000 mark per sovereign.
The market has remained volatile as investor focus shifts frequently between gold and the stock market. On October 17, the price of one sovereign touched a peak of Rs 97,600, before dropping to Rs 86,600 on October 28. Since then, prices have been rising and falling intermittently.
On November 13, gold crossed Rs 95,000 per sovereign, but soon declined again. Yesterday, the price fell by Rs 30 per gram and Rs 240 per sovereign, bringing gold down to Rs 11,770 per gram and Rs 94,160 per sovereign.
Silver, however, saw an increase of Rs 4 per gram and Rs 4,000 per kg, selling at Rs 180 per gram and Rs 1,80,000 per kg.
Today, gold prices firmed up again, rising by Rs 70 per gram and Rs 560 per sovereign. With this, gold now sells at Rs 11,840 per gram, and a sovereign costs Rs 94,720.
Silver prices also increased by Rs 3 per gram, reaching Rs 183 per gram, while one kilogram remains priced at Rs 1,80,000.
