Gold prices slip as global risk appetite rises

On the trade front, China said that it would hold trade parleys with the US early next month.

Sep 05, 2019 08:09 IST India Infoline News Service

Global gold prices slipped on Thursday as improved sentiment aided risk-on trade.

Spot gold dropped to $1,544.66/ounce.

SPDR Gold Holdings said its holdings rose 0.66% to 895.90 tonnes on Wednesday.

On the trade front, China said that it would hold trade parleys with the US early next month.

Back home, MCX Gold Oct Futures fell to Rs39482/10g, down 0.86%. Silver rates declined after touching a record high of Rs51,489/1kg. 

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