Gold prices rose globally on Thursday, following a two-day slump, as geopolitical uncertainties emerged following the US sanctions on Russian oil companies (Image source: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India today held steady to Rs 1,24,530, after the festive season. On Tuesday, Gold prices slid the most in 12 years after a weeks-long furious rally. A confluence of factors dragged down the precious metal including positive trade talks between China and the US, a stronger dollar, overstretched technicals, and uncertainty on investor positioning due to the government shutdown, were factors cited for the price drop on the global scale.

While in India, the end of the seasonal buying spree stands as the major reason for the dip. Gold p

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