Bengaluru: Gold prices rose in Asian trade on Monday, snapping a 3-session losing streak, buoyed by physical buying after the metal slid to a five-and-a-half month low on Friday. Spot gold was up 0.42% at $1,213.31 an ounce by 6.55 GMT. In the previous session, the metal fell as much as 1% to mark its lowest since 30 May at $1,203.52. “The low prices have induced some interest in the physical market,” said ANZ analyst Daniel Hynes. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.58% to 915.29 tonnes on Friday.

Source: Mint November 21, 2016 11:09 UTC