Gold: Demand for the yellow metal always on an upswing
Besides cultural value, gold contributes to a great investment portfolio.
Besides cultural value, gold contributes to a great investment portfolio.
The dollar index, which gauges the greenback's strength against a basket of six currencies.
For Silver, the September contract is currently trading at Rs 76,900 per kilogram, higher by Rs 848 or 1.12 per cent from its previous close.
The rupee fell 4 paise to close at 74.84 (provisional) against the US dollar on Thursday, tracking weak domestic equities and strong American currency.
In the international market, gold was trading flat at USD 1,958.30 per ounce.
Silver, on the other hand, traded 1.10 per cent higher at Rs 66,252.00 per kg.
The highly unpredictable economic situation makes investors move towards the safe haven asset.
In global markets, today gold prices dropped following optimism that US-China could sign a trade deal by the end of the month.
The yellow metal contracts for the December delivery, however, traded lower by Rs 17, or 0.04 per cent, to Rs 39,570 per 10 gram in a business turnover of 172.
