INSUBCONTINENT EXCLUSIVE:
Gold Prices Today: Standard gold prices fell by Rs 55 to end at Rs 29,315 per 10 grams.Domestic gold prices declined on Monday while silver
In the international markets, however, gold prices recovered from the 19-month low levels hit last week
"Although it has been a tough time for countries due to trade war related matters, the safe haven demand for gold has not gone up," said
Jigar Trivedi, fundamental research analyst-commodities, Anand Rathi Commodities
On Saturday, gold prices had fallen by Rs
30,250 per 10 grams due to weak local demand.Here are five things to know about gold, silver trade today:1
Gold prices fell by Rs 55 per 10 grams at the bullion market in Delhi following subdued demand from stockists and local jewellers, news
agency Press Trust of India reported.2
Standard gold (99.5 per cent purity) prices fell by Rs 55 to end at Rs 29,315 per 10 grams from Thursday's level of Rs 29,370
Pure gold (99.9 per cent purity) also moved down by a similar amount to finish at Rs 29,465 per 10 grams as against Rs 29,520 earlier.3
Silver prices recovered modestly by Rs 85 per kg due to renewed demand from industrial units
In global markets, spot gold was up 0.3 per cent at $1,187.51 an ounce at 4:34 pm after Thursday's dip to $1,159.96, the lowest since
January 2017, news agency Reuters reported
US gold futures were up 0.8 per cent at $1,194.10 an ounce
Gold has tumbled 13 per cent from an April high as the dollar powered higher against the yuan and other currencies, raising the cost of
dollar-priced bullion outside the United States.5
"The second half of the week will be an important one for traders as Wednesday US will release Federal Reserve's policy meeting's
Thursday onwards central bankers around the world will gather for annual meet at Jackson Hole
Since prices have fallen significantly these days, we don't rule out possibility of a short covering
