Gold prices ended modestly higher

Kolkata-India (Jun 20)  Gold prices ended modestly higher in a somewhat choppy trading week on the bullion market due to increased buying from stockists and local investors amid supportive overseas cues.

The yellow-metal wavered in a tight range most part of the session in the absence of any meaningful buying support.

Strong rupee sentiment and seasonal demand weakness against the backdrop of higher domestic gold inventories predominantly weighed on the gold price movements.

Elsewhere, silver continued its uninterrupted downfall on the back of speculative unwinding as well as lack of industrial demand.

Source: DNA-india