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Gold rebounds Rs 230 silver recovers 540
 |
Gold rebounds Rs 230 silver recovers 540
|
News & Business
Gold prices rose by Rs 230 to Rs 29,450 per ten grams in the national capital today, both the precious metals at local precious metal prices in the rise.
Silver too shrugged off by Rs 540 to close at Rs 39,380 per kilogram in the last three and a half weeks. After the two-day meeting of the US Federal Reserve, the dollar has slipped from the statement issued on Wednesday, which has strengthened gold overseas.
Gold today rose by more than $ 1 to $ 1,262.35 an ounce after rising one percent since Wednesday Once it reached the highest level of 1,264.90 dollars per ounce after 15th June.
The US gold futures price in August rose by $ 13.1 to $ 1,262.5 an ounce. Market analysts say that the Fed has indicated signs of not hiking interest rates by the end of the year. This has weakened the dollar. With the weakness of the dollar, the import of yellow metal becomes cheaper for countries with other currencies. This has increased its demand and sentiments
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