India, Oct. 9 -- On October 19, gold prices increased due to market assessments of the interest rate expectations before the next policy decision by the US Federal Reserve. Spot gold prices increased by 0.2% to stand at $4,171.65 per ounce, and US gold futures for December delivery increased by 0.26% to $4,191.90 per ounce, according to Reuters. The price increase was attributed to low crude oil prices which helped ease inflation worries, hence reducing the probability of an even tighter monetary policy from the Federal Reserve. Safe-haven demand for gold continued to prop up gold prices amidst market uncertainties.

International gold prices are especially significant for Indian investors since a large proportion of the gold consumed is...