INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, remained flat at Rs 24,600 per piece of eight grams.Gold prices softened by Rs 20 to Rs 30,565 per 10 grams at the
local market today owing to a slackened demand from local jewellers despite a firm trend in overseas markets, according to news agency Press
Silver followed suit and cracked below the Rs 39,000-mark by falling Rs 85 to Rs 38,915 per kg due to reduced offtake by industrial units
Marketmen attributed the slide in gold prices to easing demand from local jewellers and retailers at current levels in the domestic spot
Globally, gold prices drifted higher in Asian trade on Wednesday, extending gains into a second session, as the US dollar softened against
China's yuan and the euro, reported news agency Reuters
Spot gold rose 0.2 per cent to $1,213.02 an ounce, after rising 0.4 per cent in the previous session
US gold futures were also up 0.2 per cent at $1,220.80 per ounce.2
In Delhi, gold of 99.9 per cent and 99.5 per cent purity shed Rs 20 each to Rs 30,565 and Rs 30,415 per 10 grams, respectively
Hence focus will be on trade war related matters between the US China and US inflation which will come on Friday", said Jigar Trivedi,
Fundamental Research Analyst - Commodities, AnandRathi Commodities.MCX gold October future has strong support at Rs 29,400 resistant at Rs
Silver coins also dropped by Rs 1,000 to Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.(With agency inputs)
