Gold Silver Reports (GSR) – Spot gold was up 0.3 percent at $1,225.67 per ounce at 0407 GMT, while U.S. gold futures were up 0.4 percent at $1,230.4 per ounce.
Today Commodity News
Gold Prices on the Earth, Silver Rates Drop – Gold Silver Update
Gold Silver Reports (GSR) – In global markets, gold prices edged lower today as the dollar firmed ahead of an expected meeting between US President Donald Trump and China’s President Xi Jinping at the G20 summit.
Gold Prices Fall Further Today
Gold Silver Reports (GSR) However, higher global prices capped the fall in domestic gold prices. On the other hand, silver rates today recovered by Rs 60 to Rs 37,160 per kg. Prices of gold of 99.9% and 99.5% purity fell further by Rs 20 each to Rs 31,540 and Rs 31,390 per 10 gram, respectively.
Gold Prices Slip Sharply Today, Silver Rates Slump
Sovereign gold prices fell Rs 100 to Rs 24,700 per piece of eight gram. Silver ready fell by Rs 200 to Rs 37,100 per kg while weekly-based delivery lost Rs 253 at Rs 35,782 per kg while silver coins, too, plunged by Rs 1,000 to Rs 72,000 for buying and Rs 73,000 for selling of 100 pieces.
Gold Demand in India, Second Biggest Gold Consumer after China
Gold Silver Reports (GSR) – Gold demand in India, the second biggest gold consumer after China, usually picks up towards the end of the year going into the wedding and festival season. Traders expect the recent fall in domestic gold prices to perk up demand.