INSUBCONTINENT EXCLUSIVE:
Spot gold was down 0.2 per cent at $1,893.07 per ounce by 8:38 am.Gold, Silver Price Today: Gold futures for delivery in June fell as much
as 0.53 per cent to hit an intraday low of Rs 48,325 per 10 grams on the Multi Commodity Exchange (MCX) as an uptick in the dollar and US
Treasury yields weighed on the safe-haven metal
In spot market, fine gold with purity of 24 carats was sold at Rs 48,810 per 10 grams, 22 carat gold was retailed at Rs 48,615, 18 carat
gold was sold at Rs 39,050 and 14 carat gold was priced at Rs 32,460 per 10 grams.In international markets, Gold prices edged lower on
Friday, as an uptick in the dollar and United States Treasury yields weighed on the safe-haven metal, while investors awaited crucial
United States inflation data due later in the day to gauge inflationary pressure.Spot gold was down 0.2 per cent at $1,893.07 per ounce by
Bullion has risen 0.7 per cent so far this week, and was on track for its fourth straight weekly gain.US gold futures eased 0.1 per cent to
$1,896.20.The dollar index was up 0.1 per cent against rivals, while the United States 10-year Treasury yield rose to 1.617 per cent, aided
by strong United States economic data.Back home, silver futures for delivery in July declined nearly 1 per cent to hit an intraday low of
In spot market, silver was retailed at Rs 70,650 per kilogram.
