Gold Investing News » India spot gold rises 1.6 pct on overseas leads

India spot gold rises 1.6 pct on overseas leads

July 11, 2008 @ 2:23 pm In Gold Market News

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 ^[1], worries over the global economy's health and as the dollar remained vulnerable.

For complete story, click this link ^[2]. Follow developments in gold mining and exploration for free. Sign on to the Gold Investing Newsletter ^[3].

Article printed from Gold Investing News: http://goldinvestingnews.com

URL to article: http://goldinvestingnews.com/199/india-spot-gold-rises-16-pct-on-overseas-leads.html

URLs in this post:

[1] inflation fears: http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/01/afx5175523.html?attache=&partner=lingospot

[2] link: http://www.forbes.com/afxnewslimited/feeds/afx/2008/07/11/afx5205607.html

[3] Gold Investing Newsletter: http://goldinvestingnews.com/investing-newsletter