Gold prices touched all time high at $3,500 during the Asian session but selling was witnessed at the highs. As traders booked profits, the rally in Gold was met with sharp selling.
Gold prices in New Delhi were at Rs 8,797 per gram for 24 karat gold, Rs 8,065 per gram for 22 karat gold as international market prices were range-bound.
Gold (XAU/USD) is currently riding strong bullish momentum, approaching $2,800, a critical psychological resistance level. This rally has been fueled by weakened U.S.