New Delhi, March 18 -- If gold sustains its position above USD 3,000 per ounce in the coming weeks, additional buying could be triggered, particularly from derivatives contracts according to a report by the World Gold Council (WGC).

On Tuesday, gold hits USD 3,005.00 per ounce in the United States (US). Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days.

This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments.

The speed of this latest price movement highlights the strong momentum gold has built over the past two years, driven by a combination of market fundamentals and investor sentim...