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.
Indian markets have been gaining momentum and crossed the Rs 46,700 level per 10 gram in futures market earlier in the day.
The yellow metal for April delivery slumped Rs 208, or 0.52 per cent, to Rs 39,500 per 10 gram in 254 lots.
The yellow metal for April delivery dropped by Rs 178, or 0.45 per cent, to Rs 38,822 per 10 gram in 207 lots.
Indian rupee advanced 22 paise to 71.48 per US dollar as global markets stabilised after the US and Iran toned down their war rhetoric.
The yellow metal for April delivery traded higher by Rs 12, or 0.03 per cent, at Rs 40,691 per 10 gram in a business turnover of 288 lots.
