Bengaluru : Gold held steady on Friday amid tumbling equity markets, but a firmer dollar and worries about rising global interest rates dragged on prices.
Spot gold was mostly unchanged at $1,317.51 an ounce, at 0321 GMT. Prices touched their lowest since Jan. 4 at $1,306.81 on Thursday.
Spot gold was down more than 1 percent for the week and heading for its second straight weekly loss due to a recovery in the U.S. dollar.
The dollar index , which measures the greenback against a basket of currencies, has risen 1.2 percent so far this week, its best week since the week ending Oct. 27. U.S. gold futures were up 0.1 percent at $1,319.60 per ounce. Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil.
Sheikh argued that the government should have maintained stable petroleum prices
MARI has successfully drilled and tested the third appraisal well in the Ghazij formation in the Mari D&PL
Gold rates decreased by $17 to $2,395 per ounce in the international market
Company's revenue saw a 13.9% year-on-year increase, reaching Rs49.2 billion, up from Rs43.19 billion in the same...
A man counts US dollars in a money exchange shop in Dhaka. — AFP/FileLAHORE: The first thing that the government...
Power generation stood at 8,741 gigawatt-hours or 11,749 megawatts in March
