The spot prices of gold are headed upwards of $1,780 (approx. Rs 1.47 lakh) per ounce whereas MCX gold rate per 10gm could reach Rs 53,000 by Diwali, the experts say, adding that some profit-booking could also take place. The depreciation of the rupee against the US dollar to a record low of 82.40 is, however, a critical variable that underpins domestic gold prices.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dzhIeDC
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