INSUBCONTINENT EXCLUSIVE:
Sovereign remained flat at Rs 24,500 per piece of eight gram.Gold prices rose by Rs 50 to Rs 31,660 per 10 gram at the bullion market on
Wednesday, reported news agency Press Trust of India (PTI)
According to traders, gold prices advanced today in tandem with a firming trend overseas amid persistent buying by local jewellers
Dollar weakened despite another round of tit-for-tat tariffs in the China-US trade dispute
Silver rates also surged by Rs 300 to Rs 38,000 per kg on increased offtake by industrial units and coin makers, added PTI.Here are
The increased buying by local jewellers to meet the ongoing festive season demand at the domestic spot market, also supported the upside
In the national capital, gold of 99.9 per cent and 99.5 per cent purity rose by Rs 50 each to Rs 31,660 and Rs 31,510 per 10 gram,
"Market seems to have shrugged off tit-for-tat action by China and US
The dollar has begun to fall as investors are starting to worry about the broader impact of the tariffs on the US economy
Investors are also eyeing a meeting by the US Federal Reserve next week at which interest rates are widely expected to be raised", Jigar
Trivedi, Fundamental Research Analyst - Anand Rathi Commodities, told TheIndianSubcontinent.5
On Tuesday, gold advanced by Rs 10 to Rs
31,610 per 10 gram at the bullion market.7
India is the world's second-biggest gold buyer, and its imports in August rose more than 90 per cent to $3.64 billion.10
According to a Reuters report, the World Gold Council said on Wednesday said that the government should not tamper with its gold import duty
or impose other restrictions to support the rupee as the government considers ways to cut "non-necessary" imports to stem an outflow of
