Gold prices marked the fourth consecutive day of gains and pushed the yellow metal to a historic high of Rs 99,178 per 10 grams.
Gold prices are on a strong upward trend, with analysts predicting that the precious metal could soon reach the $3,100 mark per ounce.
The State Bank of Vietnam will continue to take necessary measures to control the gap between domestic and global gold prices at an appropriate level in response to surging gold ring prices in recent weeks
The latest US jobs report has set the stage for a recalibration of expectations at a time each economic indicator carries weighty expectations. The resounding message: uncertainty looms, and the Federal Reserve finds itself at a pivotal crossroads.
Prices of the precious metal rose by Rs 1,028 per over the previous day's closing which works out to a nearly 1.5 per cent increase.
In the previous trade, gold had closed at Rs 51,000 per 10 gram.
The dollar index, which gauges the greenback's strength against a basket of six currencies.
The physical demand for gold has remained low because of the higher prices, investors have poured money into avenues such as exchange-traded funds to benefit from the rally.
The highly unpredictable economic situation makes investors move towards the safe haven asset.
Following gold’s footsteps, silver too rose by Rs 1,408 to Rs 49,483 per kg from Rs 48,075 per kg on Monday.
