INSUBCONTINENT EXCLUSIVE:
Gold price: The precious metal had gained Rs 230 in the last three days.Gold prices drifted lower by Rs 150 to Rs 32,630 per 10 grams
Friday, breaking its three-day rising spell, amid weakening global trend and fading demand from the local jewellers, reported Press Trust of
Silver, however, recovered by Rs 310 to Rs 39,500 per kg backed by increased offtake by coin makers
Bullion traders said sentiment turned somewhat weak largely in tandem with a subdued trend overseas
Besides, buyers postponing purchases at the domestic spot markets ahead of 'Dhanteras' next week also weighed on the gold prices, they
said.Here are key things to know about gold, silver prices today:1
Globally, gold prices on Friday held on to gains from the previous session as investors remained cautious ahead of a US jobs report, which
could provide clues on the pace of further interest rate hikes
Spot gold was flat at $1,232.81 per ounce, in the intraday trade
Prices climbed to their highest since October 26 at $1,237.39 per ounce on Thursday, as the dollar sagged.2
In Delhi, gold of 99.9 and 99.5 per cent purity declined by Rs 150 each to Rs 32,630 and Rs 32,480 per 10 grams respectively
The precious metal had gained Rs 230 in the last three days
Sovereign gold, however, remained flat at Rs 24,900 per piece of 8 grams.3
"Gold retreated sharply in the session as the domestic currency has appreciated and the dollar fell from 17-month high", said Jigar Trivedi,
