INSUBCONTINENT EXCLUSIVE:
Gold prices rose by Rs 200 to Rs 32,870 per 10 grams on Friday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa
Tracking gold, silver also gained by Rs 150 to Rs 37,550 per kg on increased offtake by industrial units and coin makers
The rise in gold prices came due to a pick-up in demand from local jewellers in the domestic market but a weak trend overseas capped the
gains, Press Trust of India quoted traders as saying.1
Gold prices held steady on Friday after rising above $1,280 in the previous session as weak US data pushed the dollar off 2-year highs and
reignited hopes of a rate cut by the Federal Reserve this year, reported news agency Reuters.2
Spot gold was steady at $1,283.21 per ounce in intraday trade, after rising as much as 1.1 per cent to a one-week peak of 1,287.23 in the
The metal has risen 0.5 per cent so far this week
US gold futures for June were down 0.2 per cent at 1,283.10.3
Sovereign gold, however, held steady at Rs 26,500 per eight grams.5
Silver ready rose by Rs 150 to Rs 37,550 per kg, while weekly-based delivery was up by Rs 316 to Rs 36,550 per kg
