INSUBCONTINENT EXCLUSIVE:
Sovereign gold on Thursday also rose by Rs 700 to Rs 28,500 per eight grams.
Gold rose for second
straight day and rose above Rs 38,000-mark for the first time
Gold price jumped by Rs 550 on Thursday, news agency Press Trust of India reported
Gold prices gained as investors continued to buy the yellow metal, considered as a safe-haven asset, amid the ongoing trade tensions between
the United States and China and domestic economic concerns, the report said
Prices of gold had risen by Rs 1,113 on Wednesday
Silver prices also surged by Rs 630 to cross the Rs 44,000-mark
It touched Rs 44,300 per kilogram on increased offtake by industrial units and coin makers
Here are ten things to know about gold and silver prices today:In Delhi, gold of 99.9 per cent and 99.5 per cent purity
at $1,500.20 per ounce in intraday trade
US gold futures were down 0.4 per cent at $1,513 an ounce."Policy easing by central banks around the world amid slowing economic outlook and
intensifying trade dispute between US and China lifted gold's safe haven demand," Press Trust of India quoted Hareesh V, head (commodity
research), Geojit Financial Services, as saying.The Reserve Bank of India on Wednesday reduced its growth projection for the Indian economy
to 6.9 per cent for the current financial year as compared with 7 per cent predicted in June
citing a government source that India's gold imports in July plunged 55 per cent from a year ago to the lowest level in three years as a
rally in local prices to a record high and a hike in import taxes curtailed demand.Get Breaking news, live coverage, and Latest News from
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