“The year began (with gold) at Rs 39,100 (per 10 grams) and $1,517 (an ounce). The knee-jerk reaction to the pandemic was short-lived as the domestic price hit a low of Rs 38,400 from where it steadily rose all the way to Rs 56,191. The stimulus provided subsequently triggered a sharp rise in investment buying in the domestic market,” Gnanasekar Thiagarajan, chief executive officer at Commtrendz Risk Management Services, told PTI.

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