The price of gold, which was bound to rise, has been brought under some control with the US Federal Reserve maintaining its interest rates at 4.25 - 4.50% yesterday.
However, there is a possibility that the price of gold could rise due to military and political conflicts.
The bid price for an ounce of gold at the start of the day was $3,396.32.
But the asking price was recorded at $3,398.32.
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