SRINAGAR : Gold prices fell sharply by Rs 1,500 to Rs 1,29,400 per 10 grams in the national capital on Friday, mirroring a decline in global markets after US Federal Reserve officials signalled that a shortage of fresh economic data may postpone further interest rate cuts. Follow Us On G -N e w s | Whatsapp

According to the All India Sarafa Association, gold of 99.5 per cent purity dropped to Rs 1,28,800 per 10 grams (including all taxes), down from Thursday’s close of Rs 1,30,300. In the previous session, 99.9 per cent pure gold had settled at Rs 1,30,900 per 10 grams.

“Gold eased towards the end of the week as uncertainty grew over the Federal Reserve’s next rate cut,” said Saumil Gandhi, Senior Analyst-Commodities at HDFC Securities. He added that more Fed offi

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