Gold price spirals on brewing tension between US, North Korea - News Summed Up

Gold price spirals on brewing tension between US, North Korea


In the national capital, gold of 99.9 and 99.5% purity gained Rs30 each to Rs30,050 and Rs29,900 per 10 gram, respectively. Photo: Pradeep Gaur/MintNew Delhi: Gold surged by Rs30 to Rs30,050 per ten gram in Delhi bullion market on Saturday on the back of mounting tension between the US and North Korea, and persistent buying by local jewellers. Bullion traders said the gold prices headed north as rising tension between the two countries triggered safe-haven buying. In the national capital, gold of 99.9 and 99.5% purity gained Rs30 each to Rs30,050 and Rs29,900 per 10 gram, respectively. Tracking gold, silver ready edged up by Rs70 to Rs40,200 per kg and weekly-based delivery by Rs100 to Rs39,200 per kg.


Source: Mint August 12, 2017 10:18 UTC



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