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Gold Steady Ahead Of US Jobs Data


International gold was seen trading steady after hitting two-month low in previous session due to weakness in dollar and ahead of US jobs data on Friday. Investors are looking for more cues which will decide the movement of the yellow metal.


Check gold rates in India

Gold Steady Ahead Of US Jobs Data

Any positive report in US jobs data will prompt the Federal Reserve to raise interest rates in its monetary policy.

Any rise in interest rates will negatively impact gold sentiment. International spot gold was seen at $1,305 an ounce.

In India, gold futures on the Multi Commodity Exchange was seen trading lower by Rs 77 at Rs 30,647 per 10 grams at 2.10 pm IST. It touched an intra-day low of Rs 30,641 per 10 grams during the trade.

As per PTI reports, a fall in demand from jewellers at the domestic spot market mainly kept gold prices lower.

Read more about: gold us jobs data interest rate
Story first published: Thursday, September 1, 2016, 14:23 [IST]
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