Zee Media Bureau/Vrinda Sharma
Gold prices remained volatile but failed to end the week on positive note as stockists offloaded their holdings in line with weak overseas trend.
As per experts, sluggish demand at current level coupled with appreciation in rupee also weighed on the sentiment.
At Delhi bullion market, both gold 99.9 and 99.5 percent purity ended the week at Rs 28,530 and Rs 28,330 per ten gram respectively, posting a decline of Rs 195 each.
Gold in overseas markets, which normally set price trend on the domestic front,close the week around USD 1,320 per ounce.
US gold futures rose for the fourth straight week in a row with benchmark August delivery ended at USD 1,320 an ounce, up USD 3 or 0.2 percent.
For the week, yellow metal prices remained up around 0.3 percent — adding to 5.5 percent climb scored over the previous three weeks.
