Gold prices surge 60% from Rs 98,000 to Rs 1.57 lakh per 10 grams in a year; Ganesh Chaturthi sales fall 15% as buyers switch to lighter jewellery, also buy coins

In Mumbai’s spot market on Monday, gold was trading at Rs 1.57 lakh per 10 grams, including 3% goods and services tax. This was around 60% higher than the Rs 98,000 per 10 grams recorded on Ganesh Chaturthi last year, which fell on August 28.
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