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Gold Prices Have Surged Sharply Over Recent Diwali Periods, Says Analysis

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An analysis of gold prices on the MCX shows the metal has risen from about Rs 50,986 per 10 gm in November 2020 to roughly Rs 1,45,800 at present, nearly tripling in value. Over seven Diwali-to-Diwali periods, gold has declined in only one, falling 6.7% in 2021. The strongest gain came last year, when prices climbed 66.5%. The article frames this track record as a reason to consider gold purchases during the festive season. Market conditions and future performance are not guaranteed by past trends.

Read the full story at Times of India

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