India, July 24 -- Gold prices have edged higher on Friday, partially offsetting the losses from yesterday's plunge after crude oil prices plummeted, lowering both oil-linked inflation concerns and the consequential expectations of an interest-rate hike by the U.S. Federal Reserve.
Front Month Comex Gold for August month delivery has inched higher by $19.00 (or 0.47%) to $4,069.20 per troy ounce.
Front Month Comex Silver for August month delivery has also soared by $0.792 (or 1.37%) to $58.650 per troy ounce.
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