INSUBCONTINENT EXCLUSIVE:
Domestic gold prices extended their slight recovery to a second straight day, in line with the international market
With a gain of Rs 15 per 10 grams on Friday, gold prices in Delhi made a total recovery of Rs 40 in two days
A pick-up in demand at the local spot market and a firm trend in gold prices overseas - backed by a strengthening dollar - supported
In Delhi, gold prices of 99.9 per cent and 99.5 per cent purity edged higher by Rs 15 each to Rs 30,840 and Rs 3 0,690 per 10 grams,
respectively, news agency Press Trust of India reported.2
Globally, gold prices edged up from a one-year low registered in the previous session, as the US dollar eased from its highest in a year
Spot gold was up 0.1 percent at $1,223.71 an ounce at 4:16 pm, reported news agency Reuters
with little sign of an end to the slide in prices that has shaved more than 10 per cent off its value since mid-May
boost the dollar and raise the opportunity cost of holding non-yielding bullion.(With agency inputs)
