Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in the national capital on Thursday due to fresh buying by jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session.
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India outperformed considerably in 2024 which partly explains part of the underperformance this year. By around September last year, valuations were no longer inexpensive, earnings