After a dull year, Gold may recover some lost glory in Samvat 2075

After a dull year, gold is expected to recover some of its lost shine in the new Samvat, which is beginning from November 8. This comes on the back of an almost eight per cent rise in Samvat 2074, which had seen huge volatility.
 
Last Samvat, international gold prices had spiked to above $1,360 an ounce before falling to below $1,200. Currently, it is around $1,235 levels. A similar trend was seen in India, but domestic gold prices ended higher mainly due to a weak rupee.
 
This recovery in gold is only the second such in six years