Volatility in yellow metal to continue on US-Iran conflict: World Gold Council

摘要

As gold prices touched Rs 42,000 for 10 grams on Monday in the wake of the US-Iran conflict, World Gold Council said the volatility in the yellow metal prices will continue and consumer demand will face a headwind because of this. "There will be volatility (in Gold prices) with an upward bias as we see. Volatility is not good for consumer demand. When the gold price moves upward one way, the jewellery industry bears the brunt of the consumer's indecision," Somasundaram PR, MD, India, World Gold Council, told IANS in an exclusive interview.