Mumbai, Nov 8
The price of 24-carat gold (10 grams) dipped by Rs 670 over the week, impacted by a stronger dollar and reduced expectations for another US Federal Reserve rate cut.
The price of 10 grams of 24-carat gold closed the week at Rs 1,20,100 down from Rs 1,20,770 last week, according to data published by the India Bullion and Jewellers Association (IBJA).
International bullion remained around $4,000 for the week, facing pressure following Fed Chair Jerome Powell's hawkish remarks, even as the US Fed delivered a second 25 bps cut this year.