INSUBCONTINENT EXCLUSIVE:
Sovereign gold, however, remained unaltered at Rs 24,500 per piece of eight gram.Gold prices bounced back by Rs 175 at Rs 31,625 per 10 gram
at the bullion market Wednesday on buying by local jewellers, shrugging-off a weak trend overseas, reported news agency Press Trust of India
However, silver slipped by Rs 40 to Rs 37,910 per kg owing to reduced offtake by industrial units and coin makers
Traders said increased buying by local jewellers led to the recovery in gold prices, but a weak trend overseas with investors staying away
Globally, gold prices edged down on Wednesday as the yuan weakened amid fears the Sino-US trade war could escalate, making the metal more
the early day trade, after hitting its lowest since August 24 at $1,187.21 on Tuesday
US gold futures were down 0.3 percent at $1,198.90 an ounce.2
In Delhi, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 175 each to Rs 31,625 and Rs 31,475 per 10 gram, respectively
