GOLD/SILVER
Gold futures fell by 0.13 percent on Friday at the domestic markets as investors looked ahead o U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year. Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7 per cent from 5.8 percent.
Gold futures fell by 0.13 percent on Friday at the domestic markets as investors looked ahead o U.S. jobs data as a sign post for the Federal Reserve to hike interest rates as expected sometime in the middle of this year. Non-farm payrolls are seen posting 240,000 jobs in December and the unemployment rate is expected to edge down to 5.7 per cent from 5.8 percent.
At the Multi Commodity Exchange, silver for delivery in March fell by Rs 397, or 1.05 percent, to Rs 37,365 per kg in a business turnover of 2,018 lots. In a similar fashion, the white metal for delivery in May traded lower by Rs 358, or 0.93 percent, to Rs 38,025 per kg in 11 lots.
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