New Delhi, May 6 -- Gold prices in your city, May 6: A spike in spot demand and wavering US Dollar rates have boosted gold prices this week, compared to last week. Further, the continued uncertainity over US-China trade talks and the US Federal Reserve's policy outcome on May 7 is likely to keep gold on the up.

Overall, the yellow metal remains the favoured choice of investors to safeguard their portfolios against volatility. In the past year gold skyrocketed 30 per cent year-on-year, and returned 15 per cent CAGR since 2001. Since 1995, it has beaten inflation by over 2-4 per cent, data shows.

Last month, on April 22, gold prices also touched Rs.1 lakh per 10 grams, before slipping on global ease of worries over the impact of Donald Tr...