INSUBCONTINENT EXCLUSIVE:
Sovereign gold rose by Rs 100 to Rs 24,900 per piece of eight gram.Gold prices strengthened by Rs 70 to Rs 32,620 per 10 gram on Tuesday
amid pick-up in festive demand, reported news agency Press Trust of India (PTI)
Bullion traders said that due to the upcoming Diwali festival there has been a rise in gold coin demand
In Delhi, gold of 99.99 and 99.5 per cent purity rallied by Rs 70 each to Rs 32,620 and Rs 32,470 per 10 gram, respectively
In the international market, gold stood at $1,224.83 an ounce in New York
Gold prices fell as the US dollar firmed on renewed fears of intensification in the Sino-US trade war and worries over slowing global
economic growth, reported news agency Reuters.3
"MCX gold is struggling around Rs 31,900 levels due to lacklustre movement in the international gold also
The Comex gold has a stiff resistance near $1,235
The week will be an important one due to couple of economic data from the US, Core PCE Price Index which will come tonight and nonfarm
Not only this, pre-Diwali buying may also come in India
On the other hand, silver ready prices went down by Rs 260 to Rs 39,240 per kg and silver weekly-based delivery by Rs 388 to Rs 38,345 per
