Gold Price Falls On Lower Demand, Silver Gains

INSUBCONTINENT EXCLUSIVE:
However, spot gold was up 0.1% at $1,296.96 per ounce at early trade.Mumbai: Gold prices slipped marginally by Rs 5 per 10 grams to finish
at Rs 30,665 at the bullion market here today following lower demand from stockists and retailers even as the metal strengthened overseas
Silver strengthened by Rs 250 per kg to Rs 39,545 on sustained offtake from industrial units
However, silver (.999 fineness) rose by Rs 250 to conclude at Rs 39,545 per kg as against Rs 39,295, previously
Globally, gold edged higher, propped up by a weaker dollar but it was unlikely to make a significant move before an expected US rate hike
next week
Spot gold was up 0.1 per cent at $1,296.96 per ounce at early trade.(Except for the headline, this story has not been edited by
TheIndianSubcontinent staff and is published from a syndicated feed.)