Gold prices rise ₹2,500 in November, set for second best month of this year
- Prospect of a weakening of pace of monetary tightening by central banks and a pullback in US dollar has helped lift gold prices this month.
y Gold prices in India rose for the second day in a row, tracking a similar trend in global markets. On MCX, gold futures edged higher above ₹53,000 per 10 gram while silver was flat at ₹62,800 per kg. Traders remained cautious ahead of Federal Reserve Chair Jerome Powell's speech later today for more clues into the US central bank's monetary policy path. Gold prices in India are up about 5% or ₹2,500 per 10 gram - the second best month of the year - but still down about ₹3,000 from all-time highs of ₹56,200 levels of August 2020.
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