Gold prices eased on Monday as a slightly stronger dollar and buoyant equities dimmed the safe-haven metal's appeal, with investors awaiting US inflation data and Fed Chairman testimony this week
In New Delhi, the price of 22-carat gold was up by Rs 100 to Rs 48,900 per 10 gm. In Chennai, it slid to Rs 45,260
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Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant and a drop in US Treasury yields lifted the safe-haven metal's demand
The price of 22-carat-gold in Delhi stood at Rs 46,800. In Chennai, the price was Rs 45,500, and in Mumbai, it was Rs 46,980.
Spot gold was down 0.3% at $1,798.06 per ounce, as of 0650 GMT, after gaining for six straight sessions.
Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the US Federal Reserve's latest meeting highlighted inflationary pressures
Gold prices surged up in India following trends from the bullion markets on faltering dollar value.
Spot gold rose 0.32 per cent to $1,801.55 per ounce by 9.10 pm IST, after hitting its highest since June 17 at $1,814.78 on Tuesday
Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since June 17 at $1,814.78 on Tuesday
The gold prices surged up in India following trends from the bullion markets on faltering dollar value.
US gold futures jumped 1.3% to $1,806.30 per ounce.
Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies
The gold prices jumped in India despite edging in the bullion market today after hitting a two-week high during the previous session.
Gold rates in India rose higher today following cues in the overseas market amid strong US jobs data and the weakened dollar.
Spot gold rose 0.1% to $1,778.52 per ounce, by 0535 GMT.
Gold prices gain in global markets owing to growing concerns over the spread of Delta variant of the coronavirus.
Gold prices edged lower on Thursday, as dollar hovered near a three-month peak, with investors looking ahead to a key US jobs report for clues on what it might mean for monetary policy
In New Delhi, the price of 22-carat gold was down at Rs 45,900 per 10 gm, in Chennai, it declined to Rs 44,100
Spot gold eased 0.3% to $1,755.70 per ounce by 0846 GMT