Gold fell on Friday to hit its lowest in a week, with stock markets climbing and the dollar firming after upbeat US private sector job figures appeared to boost the prospects for an interest rate hike this month. READ MORE



WHAT'S HAPPENING IN INDIA:
Gold and silver prices were lower in early trade on Friday on account of subdued demand of precious metals from jewellers, retailers and industries. READ MORE

WHAT HAPPENED YESTERDAY:
Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices. READ MORE

IF RATES ARE STEADY, GOLD LOAN NBFCS MAY SEE 28 PER CENT GROWTH:
Gold loan NBFCs such as Manappuram FinanceBSE -0.11 per cent and Muthoot FincorpBSE 0.41 per cent are expecting a growth of 15-28 per cent in the current financial year in business if gold prices stay the way they are, and there are no major disruptions to the domestic and global economy. READ MORE

INDIA'S GOLD DEMAND UP 15 PER CENT TO 123.5 TONNE IN Q1 2017: WGC
Gold demand in India increased by 15 per cent during the first quarter of 2017 to 123.5 tonne, signalling a return of optimism in the industry, according to World Gold Council (WGC). READ MORE