Gold prices gain in Asia on physical demand from India
Monday, 8 September 2014
Gold prices gain in Asia on Monday, underpinned by physical demand ahead of the main gold buying season in India. On the Comex division of the New York Mercantile Exchange, gold for December delivery traded at $1,268.80 a troy ounce, up 0.12%, after gaining 0.06% to settle at $1,267.30 a troy ounce by close of trade on Friday. The Indian festival of lights, Diwali, lies ahead as well as a traditional time for wedding celebrations with gold a common gift on both occasions, according to nasdaq.com