Gold prices up by Rs 700 to Rs 79, 400 per 10 gm; silver mounts Rs 1,300
Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association.
Gold price ahead of the Thanksgiving weekend
During this period, gold is usually just before forming a short-term top and starting the biggest decline within the final quarter of the year.
Gold prices drop after gaining more than 5% last week
Gold prices dropped sharply on Monday on a "corrective pullback from recent solid gains and some profit-taking from the shorter-term futures traders," said Jim Wyckoff, senior analyst at Kitco.com. The U.
The opening price of 999 purity gold today is Rs 75,916 in India while silver will cost Rs 87,197.
Today’s Gold Rate in India, 29 November: After the US dollar had a marginal decline, gold prices have spiked globally on Friday and spot gold has increased by 0.7% to $2,660.03 per ounce. However, this week, bullion was down by 2 percentage.
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