In the volatile market of global commodities, gold rates in India witnessed a moderate hike on November 15, 2024. According to data from FXStreet, the price of 24 karat gold per 10 grams increased. The significant factors influencing this upward trend included the prevailing market conditions, fluctuations in international gold prices, and the strength of the Indian Rupee against the U.S. Dollar. Further components that impact the gold price are the demand-supply dynamics. The festive season in India, characterized by a high demand for the precious yellow metal, also contributes to the price surge.
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