Gold records first weekly loss after nine-week surge

New Delhi, Oct 24 (IANS) Gold ended a nine-week winning streak this week, with a sharp correction as the market reassessed a rally that had pushed prices into overbought territory.

The price of 24-carat gold (10 grams) ended at Rs 1,22,419 on Friday, down from Rs 1,23,827 from its previous close, according to data published by the India Bullion and Jewellers Association (IBJA).