India, Aug. 14 -- Gold prices fell on Thursday despite dollar weakness and ongoing tariffs helping gold on the upside, as US data showed hotter-than-expected inflation and a resilient labor market.
Front Month Comex Gold for August delivery fell by $23.50 (or 0.70%) to $3,335.20 per troy ounce today.
Front Month Comex Silver for August deliver slumped by 51.70 cents (or 1.34%) to $37.982 per troy ounce today.
The much-awaited PPI data released by the US Labor Department today exceeded forecasts.
The producer prices rose 0.9% month-on-month in July (in actual numbers, increasing to 149.67 points in July from 148.27 in June). Year-on-year, prices surged by 3.3%.
Core producer prices, which exclude food and energy, rose by 0.9% in July af...