Monday, 30 September 2013

Today's News on Gold Market

Spot gold prices rose by around 1 percent on a weekly basis on the back of decision taken by the Federal Reserve of delayed QE taper during the FOMC meet earlier this week, thereby leading to weakness in the DX. 

Mixed global market sentiments and decline in SPDR Gold holdings by 0.5 percent to 905.99 tonnes restricted sharp gain in prices of the yellow metal.

In the Indian markets, gold prices traded higher by 2.9 percent over the week owing to depreciation in the Rupee.


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