Gold price ticks higher on seasonal Indian demand

Mumbai-India (Oct 27)  Gold edged higher on Thursday October 27 in London morning trading, with improving physical demand from India ahead of the country’s festival season providing some support.

The spot gold price was recently quoted at $1,268.15/1,268.45 per oz, up $2.55 on Wednesday’s close. Trade has ranged from $1,265.15 to $1,269.65 so far. Two important religious Hindi festivals – Dhanteras and Diwali – will be celebrated in India from tomorrow. These are considered...

Source: MetalBulletin