In Bengaluru, gold rate stood at Rs 1,23,060, while in Kolkata, it was Rs 1,22,800 per 10 gm. (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gold prices in India fell to Rs 1,23,180 on Friday, as mixed US jobs report show a rise in unemployment offering little incentive for the US Federal Reserve to cut interest rates.

The metal fell after its Thursday's session ended 0.5% higher, trading around $4,065 an ounce. Despite from the pull back from record high last month gold remains on course for its strongest annual gain since 1979, having reached a series of record highs before retreating last month. US rate cuts have underpinned prices, which have also been buoyed by inflows into bullion-backed exchange-traded funds and sustained central bank buying

See Full Page