Union Finance Minister Nirmala Sitharaman on Monday said that the government is closely monitoring gold prices, noting that the yellow metal traditionally sees seasonal spikes during festival periods but has not crossed “certain limits.” Addressing a press conference, post its customary post-Budget meeting with Central Board of Directors of the RBI, the Finance Minister said, “Gold is always an investment for households, seen seasonal spikes during festival season. We are watching it, but not seeing that prices are gone beyond certain limit.”
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