Gold prices maintain rising streak on jewelers’ buying

Gold prices progressive by Rs50 to Rs31,100 per 10 grams at the bullion market on Wednesday on constant buying by local jewelers bounce off weak global cues. However, silver prices slipped by Rs230 to Rs40,070 per kg.

Traders said continued buying by local jewelers, forced by continuing wedding season, mainly kept gold prices higher but a weak trend abroad defined the gains. Globally, gold rate fell 0.34% to $1,333.50 an ounce and silver by 0.35% to $17.12 an ounce in Singapore.

Read More:- Gold Market Status

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Tracking Market:

Nov 14 2016	Close	PrevClose	AbsChange
$ / Re.	67.25	66.62	0.63
Euro / $	1.0737	1.0847	-0.0110
Light Sweet Crude Oil	43.32	43.50	-0.18
Gold $ / OZ-	1220.80	1227.10	-6.30
Silver $ / OZ-	16.92	17.35	-0.43
$ / Yen	108.41	106.83	1.58

On Nov 15 2016:

Events	ET	IST	Forecast	Prev
Core Retail Sales m/m	9.30	19.00	0.5%	0.5%
Retail Sales m/m	9.30	19.00	0.6%	0.6%
Empire State Manufacturing Index	9.30	19.00	-1.5	-6.8
Import Prices m/m	9.30	19.00	0.4%	0.1%
Business Inventories m/m	11.00	20.30	0.2%	0.2%

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