India, Aug. 13 -- Gold prices rose on Wednesday as the US Dollar weakened and Treasury yields fell as inflation data kept rate cut hopes high.
Front Month Comex Gold for August delivery increased by $9.80 (or 0.29%) to $3,358.70 per troy ounce today.
Front Month Comex Silver for August delivery jumped by 60.00 cents (or 1.58%) to $38.499 per troy ounce today.
In the US, data released by the Mortgage Bankers Association of America revealed today that for the week ending August 8, the average contract interest rate for 30-year fixed-rate mortgages decreased by 10 bps to 6.67% and the volume of mortgage applications in the US soared by 10.9% for the first week of August.
The Mortgage Market Index increased to 281.10 points and the Purchase...