INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, remained unaltered at Rs 24,600 per piece of eight gramsGold prices dipped by Rs 5 to Rs 30,560 per 10 grams at the
bullion market on Thursday due to tepid demand from local jewellers and a weak trend overseas, according to news agency Press Trust of India
However, silver recovered by Rs 55 to Rs 38,970 per kg on scattered enquiries from industrial units and coin makers
Globally, gold prices rose slightly on Thursday, after gaining for two straight sessions, supported by a slightly weaker dollar versus the
yen in Asian trade, reported news agency Reuters
Spot gold was up 0.1 per cent at $1,214.51 an ounce, having gained 0.2 per cent in the previous session
In Delhi, gold of 99.9 per cent and 99.5 per cent purity shed another Rs 5 each to Rs 30,560 and Rs 30,410 per 10 grams, respectively
The yellow metal had lost Rs 20 yesterday
(index) weakened from a crucial resistance of 95.30
The major focus will be on US inflation which will come on Friday evening
US will release weekly jobless claims in the evening session, hence we believe the short covering in the yellow metal will continue in the
resistance and Rs, 29,500 is a support, he added.4
On the other hand, silver ready recovered by Rs 55 to Rs 38,970 per kg and weekly-based delivery traded higher by a similar margin to Rs
Silver coins, however, were unchanged at Rs 73,000 for buying and Rs 74,000 for selling of 100 pieces.(With agency inputs)
