Mumbai, May 9 -- World Gold Council or WGC stated in a latest update yesterday that Gold continued its ascent in April, breaking the US$3,500 per ounce mark in intra-day trading during the month. While gold pulled back from its record highs, it still finished strong, above US$3,300 per ounce and rising by 6% m/m. Gold's return was more modest in developed market currencies and even fell slightly in Swiss francs on the back of local currency strength versus the dollar. WGC noted that Gold Return Attribution Model (GRAM) points to the significant plunge in the US dollar - captured by 'opportunity cost (FX)' - as one of the key drivers of gold's performance in April. Other contributing factors were a spike in market volatility and geopolitical...