Demand for bullion is expected to pick up ahead
of upcoming festivals in India such as Dhanteras and Diwali, when gold is
traditionally given as a gift.
Gold prices eased at the
domestic bullion market here ahead of Dhanteras festival, while silver too
turned weak owing to lower demand from consuming industries.
Spot gold was little changed at USD 1,268.31 per ounce at 0111 GMT. The safe-haven asset is up about 0.2 percent so far this week.
Commodity Tips Standard gold (99.5 purity)
declined by Rs 50 to close at Rs 30,060 per 10 grams from Wednesday's closing
level of Rs 30,110.
Pure gold (99.9 purity) also
went down by a similar margin to finish at Rs 30,210 per 10 grams as against Rs
30,260 previously.
Silver (.999 fineness) to
moved down by Rs 10 to conclude at Rs 43,090 per kg from Rs 43,100 previously.
Free MCX Tips: Globally, gold rose
marginally, on track to end the week barely changed as the market waited for
more signs about the timing of an expected US interest rate rise from the
Federal Reserve.
Silver was up
0.6 per cent at $17.69 an ounce.
No comments:
Post a Comment