In April, nominal average wages increased by 0.2%. Since consumer inflation increased 0.3%, real nonsupervisory wages declined -0.1%, the third monthly decline in a row.

Precious metals have been very strong over the past two years, with Gold breaking out of a historic bullish pattern. Is it time for Silver to do the same?

At the closing bell, the BSE Sensex stood higher by 253 points. Meanwhile, the NSE Nifty closed higher by 61 points.

Gold is bouncing back towards the $2400 psychological level after slightly weaker US macroeconomic data was released this week.