INSUBCONTINENT EXCLUSIVE:
Globally, spot gold was trading higher at $1,504 an ounce in New York.
Gold prices on Friday
decreased by Rs 140 but traded above the Rs 38,000 mark in the national capital, news agency Press Trust of India (PTI) reported
The yellow metal settled at Rs 38,330 per 10 gram
Easing in demand from jewellers despite the precious metal gaining overseas led to the fall in gold rates, the report said
On Thursday, gold prices touched an all-time high of Rs 38,470 per 10 gram
In the past two days, gold rates advanced by Rs 1,663
Here are 10 things to know about gold and silver prices today:In the national capital, gold of 99.9 per cent and 99.5 per
spot market led to the dip in gold prices though positive trend overseas capped the fall, analysts were quoted as saying by news agency
PTI.Besides, gain in domestic stock markets drew investors to move towards riskier assets, reducing the precious metal's appeal, they
added.The domestic stock markets registered sharp gains on Friday
The Sensex ended 255 points or 0.68 per cent higher at 37,582 and the NSE Nifty 50 Index climbed 77 points or 0.7 per cent to close at
11,110.Sovereign gold, on the other hand, remained steady at Rs 28,500 per eight grams on Friday.Globally, spot gold was trading higher at
$1,504 an ounce in New York amid ongoing trade tensions between US-China and slowing global economic outlook which lifted gold's appeal as
news agency Reuters report.Silver prices also declined Rs 290 to Rs 44,010 per kg in the national capital on Friday due to reduced offtake
coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
Catch all the Live TV action on TheIndianSubcontinent 24x7 and TheIndianSubcontinent India
Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.
