First Published: 19:42 IST Last Updated: 19:43 IST Gold prices recovered moderately at the bullion market in Mumbai on Friday due to fresh local buying interest amidst higher advices in New York.
North American markets weakened Friday shortly after the opening bell as investors digested underwhelming readings for Canadian and U.S. economic output.
Thank you. The week that was with Michael Pascoe The end of the week of the CPI, the insurance company profit warnings, the Wesfarmers retailing success and the cabinet leaks.
Gold futures on the COMEX Division of the New York Mercantile Exchange continued to climb on Thursday, benefited from the weaker dollar and a reemergence of physical demand.
Although gold continues to grab most of the attention in the precious metals world, silver, its less glamorous sister, may be more appealing and for good reason.
Mumbai, Jul 30 : A negative trend was witnessed in the precious metals for the third straight day today in the opening trade, with Silver easing by Rs 50 per kg and Gold fell by Rs five per ten, on lack of demand from industrial users alongwith discouraging global cues, traders at the Bombay Bullion Association said today.
Gold prices found more solid footing Friday after reports showed that Midwestern manufacturing increased more than expected in July, and consumer sentiment was revised to 67.8 in July.
Gold prices made modest advances overnight, ahead of the release of the US GDP data this morning as more tentative buyers emerged following the precious metal's largest monthly for of the current year.
