India spot gold rises 1.6 pct on overseas leads
Forbes reports India spot gold prices closed 1.6 percent higher on Friday keeping domestic buyers off.
At 2:45 p.m. in London, gold was trading at $966, well supported by soaring crude prices, which hit an all-time high of $147 per barrel, rampant inflation fears, worries over the global economy’s health and as the dollar remained vulnerable.
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Fri, Jul 11, 2008
Post by Melissa Pistilli, Gold Senior Reporter