Gold prices hold near ₹137,000 as festive buying picks up
In short
Domestic gold prices were around 137,000 rupees per 10 grams after falling to 135,530 rupees on Thursday. That was the lowest level since March 23.
Lower prices drew festive buying, which helped keep demand firm. This matters for gold buyers and sellers in India because prices have moved back up from a recent low.
What the reporting says
Domestic gold prices were trading around 137,000 rupees per 10 grams after falling to 135,530 rupees on Thursday, their lowest since March 23, according to BusinessLine’s summary. The lower prices drew festive buying and kept demand firm. The price move matters for gold buyers and sellers in India because it reflects a rebound from a recent low, even as trading stayed near that level.
Why it matters
Domestic gold prices in India were trading around 137,000 rupees per 10 grams after dropping to 135,530 rupees on Thursday, the lowest since March 23. BusinessLine’s summary said festive buying was supporting demand as prices stayed lower. The move matters to Indian gold consumers, jewellers and traders because lower prices can lift buying activity and influence near-term market sentiment.