INSUBCONTINENT EXCLUSIVE:
Sovereign gold stood steady at Rs 25,000 per 8 gram.Gold prices on Friday ended steady at Rs 32,220 per 10 gram at the bullion market in the
national capital amid weak global cues, reported Press Trust of India (PTI)
Silver rates, however, dropped by Rs 200 to Rs 38,600 on weak demand from industrial units and coin makers
Globally, gold eased for the second straight session to hit a one-week low on Friday as the dollar rose, putting the metal on track to post
its biggest weekly fall in five ahead of the US Federal Reserve's interest rate decision next week.Here are 5 things to know about gold
prices, silver rates on Friday:1
In the national capital, gold of 99.9 per cent and 99.5 per cent purity remained unchanged at Rs 32,220 and Rs 32,070 per 10 gram,
On Thursday, gold fell by Rs
32,220 per 10 gram at the bullion market2
Globally, gold declined to $1,239.58 an ounce in New York, while silver held steady at $14.68 an ounce
The dollar gained as investors turned nervous about an economic slowdown in China and was further supported by weakness in the euro and
pound, reported news agency Reuters
A firm dollar makes gold more expensive for holders of other currencies
