Gujarat: Gold inches towards record levels

Amid expectations of a pause in interest rate increases by the US Federal Reserve, and the falling US dollar index, gold and silver prices bounced back and are inching towards the record high of Rs 66,000 per 10g that was reached in the first quarter of this year.

On Saturday, gold settled at Rs 63,700 per 10g in the Ahmedabad market.

The increase is due to the rally in the international market because of geopolitical uncertainty.