INSUBCONTINENT EXCLUSIVE:
Dhanteras 2020: Gold is down about 11% from an all-time high of Rs 56,379, registered in AugustIncreased demand during the Dhanteras and
Diwali festivals often pushes gold prices higher
On Friday, despite the Dhanteras festival- which is typically considered auspicious for purchasing gold and other metals - gold traded in a
Dhanteras festivals shows that gold is, in fact, headed for its best annual return since 2011
(%)202050679.532.4320193826920.712018317027.11201729598-1.6120163008217.11201525686-6.53201427481-7.86201329826-6.1420123177816.152011273593
past, after the domestic futures scaled an all-time high of Rs 56,379 in August this year.Gold has surged over the past few months due to
the uncertainty around the coronavirus pandemic and its impact on global economy, and changes in the foreign exchange rates.In a broader
trend, it has been appreciating since 2018, with a more intensified upmove over the past few months due to COVID-19-related lockdowns, say
