Gold prices jumped Rs 1,400 to Rs 79,300 per 10 grams in the national capital on Thursday due to fresh buying by jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.