Gold prices bounced back on Tuesday, rising by Rs 1,500 to move above the Rs 1.60 lakh per 10 grams level in the national capital, supported by a softer US dollar and improved sentiment in the bullion market.
According to local traders, gold of 99.9% purity advanced to Rs 1,60,300 per 10 grams, inclusive of taxes, compared with Monday’s closing price of Rs 1,58,800 per 10 grams.