INSUBCONTINENT EXCLUSIVE:
Following gold, silver ready rebounded by Rs 50 to Rs 37,850 per kg.Gold prices firmed up by Rs 30 to Rs 30,650 per 10 gram at the bullion
market on Friday on the back of firm overseas cues amid buying by local jewellers, reported news agency Press Trust of India
Silver also staged a recovery and traded higher by Rs 50 to Rs 37,850 per kg due to increased offtake by industrial units and coin makers
Traders said apart from a firm trend overseas, scattered buying by local jewellers to meet the ongoing festive season demand at domestic
Globally, gold rose on Friday after falling in the previous session, as the dollar eased and markets awaited a speech by the Federal Reserve
chairman for fresh clues on the direction of US monetary policy, reported news agency Reuters.Spot gold was up 0.3 per cent at $1,188.96 an
ounce in the early-day trade, after falling 0.9 per cent on Thursday
Prices have risen about 0.3 per cent so far this week
In Delhi, gold of 99.9 per cent and 99.5 per cent purity edged up by Rs 30 each to Rs 30,650 and Rs 30,500 per 10 gram, respectively
investors will watch key developments in the US closely, say analysts
"US may post core durable goods orders for July on lower side
Fundamental Research Analyst-Commodities, Anand Rathi Commodities
Silver prices also followed a similar trend
Silver ready rebounded by Rs 50 to Rs 37,850 per kg, while weekly-based delivery drifted down by Rs 130 to Rs 36,620 per kg due to
On the other hand, silver coins continued to trade at the previous level of Rs 72,000 for buying and Rs 73,000 for selling of 100
pieces.(With agency inputs)
