Gold prices on Monday hit highest since August 2016, ahead of Akshay Tritiya, to be celebrated on April 18, 2018.

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The prices of gold, this year, went up by 3%. Last week, gold prices hit the highest in nearly a week as the dollar weakened and as investors awaited potential US action against the suspected use of chemical weapons in Syria.

India's March gold import was down 49% on year-on-year basis.

First Published:Apr 16, 2018 11:26 AM IST