Gold rates down in local market, Gold hit 3 month high International market $975

(Sept, 03 Forexkp) Gold rates were in uptrend this week from start in both local and international & UAE Gold market in local market Gold Tezabi (24-ct) was at Rs. 25,200. From yesterday 2nd Sep, Gold rates slipped down in local market Gold Tezabi (24-ct) was at Rs.25,180/- Today at 3rd Sept Gold rates again gone lower and showed Rs. 25,158/-. On the other end Gold rates in International market now hit 3 month high after breaking 3 week resistance in International market. It is going unexpected in local market because US Dollar is also weakening this week, This situation main be cleared soon but no figure is currently mark for it.

In International market Gold rates were at $970 per ounce on Wednesday which was highest of 3 months. In Spot Gold market we saw Gold rates at $975.10 although in New York market on Tuesday Gold rates were $955 per ounce, We saw Gold at $975.40 on June, 06, so it has touched the same rates after 3 months. In UAE Gold Market Gold Prices seen stagnant UAE Gold rates were lastly seen UAE DHM 13490/- per ounce and 24-ct UAE 117/-. Silver is also moving same as Gold in both local and international market.