A recent analysis has determined that prices of gold dropped in the first trading sessions of the year, with spot gold dropping by over 4%. While prices did start the week at a low of $4,274 an ounce, they recovered slightly, increasing to $4,542 an ounce by the week’s end.
In India, dealers were also charging premiums of up to $15 an ounce above official domestic rates this week, a sharp turnaround from last week’s discount of $61 per ounce. As the year progresses, many analysts, including those at firms like Numa Numa Resources Inc., will be watching how…
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