Globally, gold prices rose to their highest in more than a year as weak economic data reduced expectations of another interest rate hike in the US this year. Photo: MintMumbai: Gold prices jumped by Rs235 per 10 grams to touch an 11-month high of Rs30,360 on Friday, tracking a solid trend overseas and increased buying by local jewellers to meet festive season demand. Standard gold (99.5 purity) rose by Rs235 to end at Rs30,360 per 10 grams against Thursday’s closing level of Rs30,125. Pure gold (99.9 purity) also jumped by the same amount to settle at Rs30,510 per 10 grams from Rs30,275 earlier. Globally, gold prices rose to their highest in more than a year as weak economic data reduced expectations of another interest rate hike in the US this year.

Source: Mint September 08, 2017 13:30 UTC