Gold surges to hit near two-week high of Rs 1.30 lakh/10g in Delhi markets
New Delhi, Nov 26 (PTI) Gold prices surged Rs 1,200 to hit near a two-week high of Rs 1,30,100 per 10 grams in the national capital on Wednesday, tracking a rally in the international markets, according to the All India Sarafa Association. Analysts said the rise was mainly driven by renewed expectations of interest-rate cuts by the US Federal Reserve next month. The precious metal of 99.5 per cent purity also advanced by Rs 1,200 to Rs 1,29,500 per 10 grams (inclusive of all taxes). On November 13, gold of 99.9 per cent and 99.5 per cent closed at Rs