INSUBCONTINENT EXCLUSIVE:
Gold prices in Delhi registered slight recovery, reversing the declining trend witnessed in the past five sessions
A a pick-up in buying by local jewellers supported gold prices, according to traders
Domestic gold prices also tracked strength in the international market, where the rates recovered from seven-month lows
Gold prices had declined by a cumulative Rs 560 per 10 grams from July 10 to July 14.Here are five things to know about gold prices today:1
In Delhi, gold of 99.9 per cent and 99.5 per cent purity recovered by Rs 60 each to Rs 31,150 and Rs 31,000 per 10 grams, respectively, news
agency Press Trust of India reported
Silver prices also edged up by Rs 35 to Rs 39,950 per kilogram, according to the agency.2
since December 12 at $1,236.58 on Friday, news agency Reuters reported
US gold futures were 0.2 per cent higher at $1,244.2 an ounce.3
The dollar slipped to trade below its recent highs, making dollar-denominated gold cheaper for holders of other currencies, which could
However, higher interest rates in the United States weighing on investor demand and a weak physical market are expected to pressure prices
high, curtailing demand, according to government data released last week.
