Gold slipped down by 0.9 per cent to USD 1,181.84 an ounce
Spot gold shoots up by 0.4 percent to $1,154.46 an ounce
London: Gold fell for the third day to one-week low as slumping oil prices curbed demand for the metal as an inflation hedge. Gold lost 0.9 per cent to USD 1,181.84 an ounce, the lowest since November 20.
Silver also fell by 1.4 per cent to trade at one-week low of USD 16.01 an ounce. During the week, gold recorded 1.4 per cent fall in its prices. Crude tumbled to the lowest level in four years as OPEC decided not to cut output at its meeting.
( Source : PTI )
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