India, April 17 -- Gold prices have surged on Friday after Iran reopened the Strait of Hormuz fully until April 22. This development eased oil prices, and with inflationary pressure reducing, the U.S. dollar weakened, pushing yellow metal prices higher.
Front Month Comex Gold for June month delivery has climbed sharply by $77.20 (or 1.61%) to $4,885.50 per troy ounce.
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