💨 Abstract

Gold and silver prices hit record highs in India on October 16, 2024, with gold touching Rs 78,900 per 10 grams and silver reaching Rs 93,500 per kg, due to strong demand from local jewellers and a decline in equity markets. The rise in gold prices is also attributed to expectations of interest rate cuts by the Federal Reserve, making it a safe haven asset.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖