The rise in the prices of gold came on strong demand from investors amid growing fears of global economic slowdown. The yellow metal close at Rs. 40,120 per 10 grams. The increase came on the back of robust demand from industrial units and coin makers amid strong overseas trend. Global recession worries fueled by escalating US-China trade tensions and the spectre of a no-deal Brexit have boosted the safe-haven appeal of gold this year, pushing the price of the yellow metal up nearly 20% so far this year.
Gold price rises to 40,120 rupees per 10 grams
