Gold prices jump above Rs 30,000 on weak rupee, global cues

Gold prices breached the psychological Rs 30,000 barrier in first hour of trade on the Multi Commodity Exchange on Friday. A sharp rise in prices in global markets and continued depreciation in the Indian rupee pushed up the gold prices, analysts said. Commodity trading strategist Chirag Kabani told NDTV that gold prices have jumped tracking U.S. bond yields, which hit a 52-week high on strong U.S. data. Traders are concerned th...