INSUBCONTINENT EXCLUSIVE:
Spot gold was last seen flat at $1,458.45 per ounce, having shed 0.3 per cent so far this week.
Gold prices
were last seen at Rs 38,040 per 10 grams in the national capital on Friday, according to industry body India Bullion and Jewellers'
These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, IBJA mentioned on its website
IBJA is a Mumbai-based association consisting of gold dealers, traders and jewellers
Rupee depreciation and positive global gold prices on the US-China trade stand-off led to the surge in the gold prices, analysts said
The rupee opened on a weak note and fell 11 paise to 71.73 against the dollar in early trade on Friday as investors remained
on Friday, but remained on track for their worst month in three years.Spot gold was last seen flat at $1,458.45 per ounce, having shed 0.3
per cent so far this week.US gold futures rose 0.3 per cent to $1,457.90.For the month, prices were down almost 4 per cent, their biggest
since November 2016, as optimism about a deal between Beijing and Washington dampened demand for the safe-haven metal.Gold, considered a
dispute.In India, gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said earlier this
cent from a year ago to around 700 tonnes, the lowest since 2016, said Somasundaram PR, the managing director of WGC's operations.
