Gold prices have started rising again after a few days of continuous decline. In the past few hours, the price of gold has jumped by around 2%, reaching $4,120 per troy ounce (28.3495 grams).
Yesterday too, as soon as global trading opened, both gold and silver prices went down slightly. Gold even slipped to around $4,000 per ounce for a while. But it later recovered, and at the time of this report, it was trading above $4,120 per ounce.
For the past few days, the international gold market has seen strong ups and downs. Over the last three days, gold prices had dropped by nearly 9%. However, in the last few hours, the downward trend stopped, and prices have now climbed back up by 2%.
Silver prices have also increased by about 2%, taking the price above $49 per ounce.
Reports suggest that gold prices may not fall much further in the coming days.
