India, July 3 -- Gold prices advanced for a third consecutive day despite an ease in Indian demand following a modest pick-up earlier in the week. The development comes following the release of weak US jobs data, reducing the chances of the Federal Reserve raising interest rates this year in order tackle inflation.

Despite prices rebounding from a three-month low, demand remained stagnant in India. Gold prices in the country rose to 148,046 rupees per 10 grams ($1,553) after having touched 140,450 rupees, the lowest level since March 27, on Tuesday, as per news agency Reuters.

China, on the other hand, saw a slight increase in buying interest.

As per data released on Thursday, US hiring tipped in June, suggesting that the labour market...