Growing unease that inflation will slow the economy and sabotage the stock market rally led gold to five-month highs in November flirting with the $1900 mark levels. Then in a dramatic reversal, the metal temporarily retreated below the $1800 level as the dollar strengthened only to end the month at $1774.5 an ounce, a decline of 0.5% for the month.
The rupee depreciated by 0.4%, supporting domestic prices. The emergence of the Omicron variant has started impacting the economy to what earlier was
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