Gold bought on Dhanteras 2016 rose 4.6 times by November 2026, despite periodic declines, outperforming international gold prices. Analysts recommend staggered purchases and a measured portfolio allocation.
On the MCX, gold prices ended flat, while silver gained momentum to close higher. As for international prices, spot gold dipped 0.3% to $3,948.75 per ounce, while US gold futures for December delivery gained 0.1% to $3,943.20. Spot silver fell 0.2% to $49.67 per ounce.
Gold prices fell sharply in October as rising crude oil prices fueled inflation concerns and expectations that US interest rates would remain elevated.
Gold loans fuel NBFC growth, doubling their share amid higher gold prices and tightened unsecured lending.
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