Gold tumbled to its lowest level in around 15 months on Monday after better-than-expected US jobs data boosted the dollar, dampening safe-haven appetite for bullion and pushing silver and platinum to multi-year lows.
Sri Lanka`s central bank on Saturday said it has been buying gold to diversify its reserves amid volatile currency markets, days after India announced it had purchased 200 tonnes of the precious metal.
Gold prices remained above Rs
16,000 per 10 gram in the bullion market here on Monday amid
global rates hovering around USD 1,000 an ounce but high
prices did not deter buying interest ahead of festival season.