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Gold prices settle at Rs 32,550 per 10 grams after 6-year high this week

Bullion traders said sentiments were buoyant on firming trend in global markets where gold surged to over three-month high as the dollar eased and equity markets skidded to multi-months low.

Traders attributed the sustained rise in gold prices to increased buying by local jewellers, driven by ongoing festive season and a firming trend in global markets.
Like any other investment gold attracts tax as it is considered a capital asset.
Gold demand would see a surge during this time as people across the country consider buying yellow metal to be auspicious, especially during Dhanteras.