The price of 24-carat gold (10 grams) surged by Rs 4,694 last week, supported by safe haven buying and a decline in the dollar, but fell from a weekly high on Friday after the end of the US government shutdown. 

The price of 10 grams of 24-carat gold in Mumbai on Monday at the time of writing was recorded at Rs 1,25,210.00. While the prices since the last few months have been increasing, the demand for the yellow metal has also been surging amid the festival and wedding season.