London-Sana
Gold prices rose today, as a weaker dollar made bullion more attractive to overseas buyers, although risks from an impending Fed rate hike pared gains.
Reuters reported that the price of gold rose in spot transactions 0.2 percent to $ 1653.31 an ounce.
US gold futures fell 0.3 percent to $1,658.50.
"The rise in gold prices today is mainly due to the weakness of the US currency," said Jigar Trivedi, chief analyst at Mumbai-based multinational Reliance Securities.
The dollar index fell to its lowest level in about ten days after the price of the pound jumped after Britain abandoned the tax cut plan that shook global markets.
As for other precious metals, the price of silver rose 0.4 percent to $ 18.75 an ounce, platinum 0.4 percent to $ 919.49 and palladium one percent to $ 2020.40.
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