Gold today rose from the lowest price this year as the US dollar weakened and investors anticipated the return of buyers in China, the top consumer, from a week-long national holiday.
Gold gained 0.2 per cent to USD 1,193.80 an ounce. The metal fell 0.7 per cent earlier today to USD 1,183.24 an ounce, the lowest since December 31. Silver also rose 1.1 per cent to USD 17.03 an ounce. China, which overtook India in 2013 to be the world’s largest consumer of gold, ends a week-long national holiday October 8.