Gold retailers with mega offers for festive season

Spot gold prices closed on Friday at $1,641.80 per ounce, down 9.4 per cent in 30 days, and silver closed at $31.33 per ounce, a decline of 22.83 per cent in a month that has seen precious metal lose their safe haven appeal and the US dollar becoming fashionable once again among risk-averse investors.

Although the yellow metal has recovered from its flash fall in September that saw it briefly hit a low of $1,530 per ounce, gold is still down 14.5 per cent from its peak, reached in early September, while silver has had 38 per cent wiped off its value from its all-time peak of over $50 per ounce.  More Read