Gold prices staged a recovery in the national capital on Thursday, climbing back above the Rs 1.6 lakh mark per 10 grams as lower crude oil prices provided support amid continuing uncertainty surrounding developments in West Asia.
According to the All India Sarafa Association, gold of 99.9% purity advanced by Rs 700 to Rs 1,60,300 per 10 grams, inclusive of all taxes.
The latest rise came after a sharp Rs 1,850 decline on Wednesday and followed a Rs 1,050 increase on Tuesday, underscoring the highly volatile price swings witnessed in the precious metals market this week.
