Gold rate today: Gold price is experiencing weekly loss. The precious metal was down about 1.7 per cent so far this week even as spot gold was up 0.6 per cent to $4,304.71 per ounce on Friday. US gold futures rose 1 per cent to $4,340. Spot silver gained 1.6 per cent to $64.90 per ounce, platinum added 1.1 per cent to $1,767.55 and palladium fell 0.7 per cent to $1,265.03. All three metals were poised for weekly losses.
Reason Behind Gold Price Drop
