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India - Economy - Gold

The displays a gold necklace at a workshop in Kolkata, India, August 27,2019. Gold prices in Indian markets remained steady today after rising for five consecutive days. Gold was steady at ₹39,670 per 10 gram. All India Sarafa Association. Silver prices rose ₹190 to ₹46,740 per kg. In the national capital, gold of 99.9% and 99.5% purity held flat at ₹39,670 and ₹39,500 per 10 gram, respectively. The futures market also showed similar trend. On MCX, October gold futures slightly lower at ₹38,775, after they high a new high of ₹39,340 on Monday. September silver futures on MCX also remained flat at 45,039, off its Monday's record high of ₹45,376. In global markets, spot gold prices eased off six-year highs after US President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing. As investors returned to riskier assets, global gold prices also eased from a six-year high. Spot gold was trading around $1,528.35 an ounce after they hit a fresh six-year high above $1,550 on Monday. Global equity market recovered on the easing of rhetoric between Washington and Beijing. (Photo by Debajyoti Chakraborty/NurPhoto)

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