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Gold to retain its glitter; may touch Rs 60,000 per 10 grams level in 2023

Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices

Gold
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Photo: Bloomberg

Press Trust of India Mumbai
A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in the Indian market as more investors veer towards safe-haven assets.

In a year where volatility was more a norm than an exception, gold prices in the international market oscillated from a peak of USD 2,070 per ounce in March to a low of USD 1,616 per ounce in November and is steadily recovering since then, according to market experts.

At the beginning of 2022, gold prices were around USD 1,800 an ounce.

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First Published: Dec 30 2022 | 1:52 PM IST

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