Showing results for "#Gold prices"
Silver also declined Rs 400 to Rs 74,600 per kilogram, while it had settled at Rs 75,000 per kg in the previous close.
In the previous close, the precious metal had closed at Rs 63,920 per 10 grams, while silver rose Rs 300 to Rs 78,800 per kilogram.
"Spot gold prices (24 carats) in the Delhi markets are trading flat at Rs 63,920/10 gram, unchanged from the previous close.
In the last financial year, the industry had grown by more than 15 per cent.
Gold prices in the international market have also shot up to a seven-month high as spot prices gained 1.6 per cent to $2,069.10 per ounce on Friday.
Expectations of low interest rates makes financial instruments less attractive for investors compared to gold, which is considered a safe investment
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4% but are headed for a weekly gain of 0.9%
Accordingly, the price per gram of gold rose by Rs 30 and is sold at Rs 5,645.