Fed chief says US will not raise interest rates too quickly.
Fed chief says US will not raise interest rates too quickly.
Spot gold was trading at $1,782.33 an ounce.
High oil price weighs on South Asian currency.
Spot gold was trading at $1,777.88 an ounce at 4.30pm UAE time on Thursday afternoon, down 2.2 per cent
The rupee hit nearly six-week low against the greenback on Thursday.
Precious metal prices trade at nearly one-and-a-half week low on dollar strength
The precious metal closed at $1,876.87 an ounce on Friday.
Spot gold was down 0.2 per cent at $1,886.76 per ounce as of 0308 GMT.
The weakening of the US dollar and positive domestic equities strengthen Indian currency
Opens a tad lower due to a rise in crude oil prices.