Commodities
Gold Prices Soar to Three-Month Highs on Weaker Dollar
Gold prices jumped ₹1,200 to ₹1,63,500 per 10 grams on Friday in India's national capital, while silver surged ₹5,000 to ₹2.50 lakh per kilogram.
The precious metals extended their gains for the second straight session as a weaker US dollar and overseas markets increased demand for gold and silver.
According to traders, gold of 99.9 percent purity rose to its highest level in over three months, last seen on May 19 when it traded at ₹1,63,600 per 10 grams.
The global prices of gold also rallied, with spot gold rising $81.58 or 2 percent to $4,600.91 per ounce, its highest since May 18.