After months of dullness, jewellery-buying sentiment revived in the past week as consumers rushed their purchase before any further increase in gold prices. Gold prices in the local markets have jumped by 4.5 per cent so far in October, following a global move to trade currently at Rs 31,820 per 10 g (pure gold with .999 variety).
Gold was costlier in Indian markets also because of a depreciation in the value of the rupee. Consumers, therefore, rushed to jewellery shops expecting a further jump in rates in the local currency in the days to come. Gold has proved an investment ...
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