Mumbai: Gold prices have been booming for the last few months. According to the Indian Bullion Jewelers Association (IBJA), the price of 10 grams of 24-carat gold increased to Rs 74,220 per 10 grams on Tuesday, which was Rs 73,383 in the previous trading session on May 17. “Gold may be able to sustain at higher levels only if the Fed cuts rates, and the US$ starts declining against currency majors,” Emkay Wealth Management, a brokerage firm, said in its report. As of April 30, 2024, physical gold has delivered a CAGR of 19.42 per cent in the 12 -month period and absolute returns of 6.78 per cent (1-month period) during April. As per the report, Gold prices moved up from the US$ 2050 base whe
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