Click it and Unblock the Notifications
India gold rose tracking positive global trend which rose after US employment data missed estimates, indicating there will be no rate hike anytime soon in the US.
"Riding on firm global trends and increased buying by jewellers at domestic spot market, gold prices advanced by Rs 30 to trade at Rs 31,000 per ten grams, while silver prices soared Rs 800 to Rs 45,900 per kg at the bullion market on Saturday", reports PTI.
Pick-up in buying by jewellers at domestic spot market to meet retailers' demand boosted the gold sentiment.
Yesterday, international spot gold rose to USD 1,327 an ounce. Gold rates are sensitive to US interest rate hike as they are inversely related. Any news on hike in interest rate will dampen gold sentiments.
Goodreturns.in
More From GoodReturns
Gold Rates In India Today Unchanged, Silver Rates Flat On Easter: 24K, 22K, 18K Gold Prices & Silver Outlook
Gold & Silver Rates Today Live: RBI Rates Decision Next Week Will Decide Fate Of Precious Metals?
No April Fool! Gold Rates In India Starts Month With A Bang, Rises By Rs 20,000 Today, Silver Rates Jump Too
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Gold Silver Rate Today, March 30: Bangalore, Chennai & Hyderabad Gold Prices Drop; Check 24k,22k,18k Rate
Gold Rate Weekly Prediction, 6-11 April: Will Gold Rate in India Continue Uptrend After Rally of 28,400/24K?
Drop in Gold Rate in India After Rising Nearly Rs 34,000; Will Gold Price Today Rebound or Fall on 3 April?
BIG Jump In Bangalore Gold Rate Today, 24K Skyrockets Above Rs 1.5 Lakh Mark, Silver Stable | April 3 Rates
Gold Rates & Silver Rates Today Live: MCX Gold Below Rs 1.49 Lakh Mark, Silver Price Drops By 14,500
Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?
Jump of Over Rs 41,000/24K in Gold Rate in India Over Four Sessions; Will Gold Price Today Hit Rs 1.50 Lakh?
Sign in with Google