LONDON: Gold trimmed the biggest weekly gain in four months as investors assessed when the Federal Reserve will start raising US interest rates, while buyers in India stepped up purchases.
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Gold slipped 0.4 per cent to $1,216.63 an ounce. The metal rose to $1,227.26 on Thursday, the highest since February 17, and is set to gain 2.4 per cent this week, the most since the period to January 16.
Silver fell 0.7 per cent to $17.33 an ounce, trimming this week's surge to 5.3 per cent, still the most since the period to March 20.
www.sevagiri.com
Gold slipped 0.4 per cent to $1,216.63 an ounce. The metal rose to $1,227.26 on Thursday, the highest since February 17, and is set to gain 2.4 per cent this week, the most since the period to January 16.
Silver fell 0.7 per cent to $17.33 an ounce, trimming this week's surge to 5.3 per cent, still the most since the period to March 20.
Meanwhile, gold imports by India, the world's second-largest consumer, exceeded 100 metric tonnes for the second month in April as easing of state curbs boosted demand for everything from necklaces to bangles and rings.
Source - Times Of India
Source - Times Of India
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