Pure gold (99.9 purity) also dipped by the same amount to finish at Rs29,590 per 10 grams compared Rs29,635 Thursday in Mumbai. Photo: ReutersMumbai:Gold prices dipped by Rs45 to Rs29,440 per 10 grams at the bullion market in Mumbai on Friday, tracking a weak trend overseas amid easing demand from local jewellers. Standard gold (99.5 purity) dropped by Rs45 to close at Rs29,440 per 10 grams from Thursday’s level of Rs29,485. Pure gold (99.9 purity) also dipped by the same amount to finish at Rs29,590 per 10 grams compared Rs29,635 Thursday. Globally, gold prices dipped as some investors locked in profits at the end of the week, but there are expectations that the market could advance towards $1,300 next week.

Source: Mint November 24, 2017 14:03 UTC