Daijiworld Media Network - Mumbai

Mumbai, Nov 3: After months of stellar gains, spot gold prices slipped below the $4,000 per ounce mark on Monday, falling 2.7% from last week to $3,984.43 an ounce, according to market data.

In domestic trade, the price of 10 grams of 24-carat gold stood at Rs 1,21,113, as per figures released by the India Bullion and Jewellers Association (IBJA). The pullback comes after an extended rally driven by global economic uncertainty and central bank buying.

Analysts attributed the latest correction to easing trade tensions between the US and China and a surge in the US dollar index, which climbed to a three-month high. The strengthening dollar typically makes gold more expensive for buyers using other currencies, reducing demand.

Adding to the softening tre

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