Gold Price Today, 17 August 2021: Gold prices extend recovery but rates still down nearly Rs 8,800 from record highs

International Gold prices extended its recovery on Monday buoyed by a pullback in US Treasury yields and some safe-haven buying spurred by COVID-19 related concerns, with investors looking for more direction from the Federal Reserve on monetary policy. 

New Delhi: Gold prices are trading in a higher range today, although the rates of the yellow metal is still cheaper by as compared to the last two weeks. Gold contracts for the October delivery opened at Rs 47,235 per 10 gram as against its clos of Rs 47,225. At 1.51 pm gold was trading at Rs 47,421 per 10 gram. So far in the year, gold prices have crashed by more than Rs 4,000 thus making the yellow metal still a lucrative instrument for investment. Gold still cheaper by nearly Rs 8,770 from record highs