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Why is the Gold Price Losing Momentum?

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divyam joshi

With prices reaching at 57,500 Rs per 10 grams, Indians were in for a rude shock, hoping for the metal to lose price and gain stability in the near future. While international rates remained steady, gold futures on the MCX for December delivery quoted a 0.11% decline. The rising price or the instability did not hinder people from buying gold. Gold continues to enjoy its favourite position with the people despite the ups and downs.

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divyam joshi
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