Gold Prices Break Two-Day Rising Spree: 5 Points

INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, remained flat at Rs 24,700 per piece of eight grams.Gold prices went down by Rs 190 to Rs 30,740 per 10 grams at
the bullion market on Friday, tracking a weak trend overseas amid fall in demand from the local jewellers, reported news agency Press Trust
of India
Silver followed suit and slipped by Rs 230 to Rs 39,200 per kg due to reduced offtake by industrial units and coin makers
Traders said, a weak overseas trend on stronger dollar and in response to easing trade tensions after the United States agreed to refrain
from imposing tariffs on cars from the European Union, led to the slide in gold prices.Here are five things to know about gold and silver
prices today:1
Globally, gold prices edged higher on Friday as the dollar slipped against major peers ahead of US economic growth data that could shed
light on the pace of rate hikes in the world's top economy, reported news agency Reuters.Spot gold was up 0.1 per cent at $1,223.96 an
ounce in early day trade
The precious metal was, however, on track for its third straight weekly decline.US gold futures for August delivery were 0.2 per cent lower
at $1,223.20 an ounce.: To Buy Or Not To Buy Gold Now These Five Factors May Guide You2
In the national capital, gold of 99.9 per cent and 99.5 per cent purity plunged by Rs 190 each to Rs 30,740 and Rs 30,590 per 10 grams,
respectively