By the morning of December 25, the international spot price consolidated slightly to settle just above USD 4,494, holding onto a 3.5% gain for the week. The precious metal is on track, making its largest advances since 1979, when it also set a record number of highs. The Augmont Bullion report, released December 23, noted that gold prices surpassed USD 4,500 (INR 1,38,000) for the 50th record-breaking session this year due to expectations of looser US monetary policy and rising geopolitical tensions.
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