INSUBCONTINENT EXCLUSIVE:
Gold prices held steady at Rs
33,570 per 10 grams on Thursday, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association
However, silver prices fell by Rs 40 to Rs 37,850 per kg
Reduced offtake by industrial units and coin makers at the local spot market led to decline in silver prices, traders were quoted as saying
The prices of yellow metal had risen by Rs
33,570 per 10 grams on Wednesday.1
In Delhi, gold of 99.9 per cent and 99.5 per cent purity held steady at Rs 33,570 per 10 grams and Rs 33,400 per 10 grams,
Globally, gold prices rose to a week high on Thursday, supported by expectations of an interest rate cut by the US Federal Reserve following
soft inflation data, which also weighed on the dollar, reported news agency Reuters.4
Spot gold was up 0.3 per cent at $1,336.82 per ounce in intraday trade
Prices touched $1,338.87 earlier in the session, a high since June 7
US gold futures were 0.2 per cent higher at $1,340 an ounce.5
Meanwhile, silver ready declined by Rs 40 to Rs 37,850 per kg, while weekly-based delivery fell Rs 81 to Rs 36,825 per kg
