Gold prices up Rs 96 to Rs 48,222/10 gm on safe-haven ; Silver corrects Rs 810 a kg

By Administrator_ India Capital Sands Gold prices jumped by Rs 96 to Rs 48,222 per 10 gram in the Mumbai retail market on positive global cues and renewed risk aversion in global financial markets, however, the upside was capped by a sharp gain in the rupee. The surging cases of Delta variant of coronavirus and rising inflationary pressure gave safe-haven yellow metal a boost. The price of 10 gram, 22-carat gold in Mumbai was Rs 44,171 plus 3 percent GST, while 24-carat 10 gram stood at Rs 48,222 plus GST.…

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Gold Up, Looks to End Week With Third Consecutive Weekly Gain

By Administrator_India Capital Sands Gold was up on Friday morning in Asia and is set to end the week with its third consecutive weekly gain. A drop in U.S. Treasury yields also gave the safe-haven yellow metal a boost while the dollar, which usually moves inversely to gold, inched up on Friday but fell from three-month highs. Gold futures edged up 0.14% to $1802.75 by 12:53 AM ET (4:53 AM GMT), with prices rising 0.8% for the week to date. The European Central Bank set a new inflation target of 2% in the…

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