Mumbai: Gold held close to its seven week high on Friday as investors looked for more clues about the future direction of United States interest rates. Silver also remained strong, trading near its recent record peak as demand from both investors and industry continued to support prices.

Gold prices slipped slightly in early trade but stayed firm for the week. The metal has been rising since the US Federal Reserve delivered another rate cut, which made non interest assets like gold more attractive. A weaker US dollar has also helped gold remain strong.

Silver continued to hover near its historic highs after touching new peaks this month. Analysts say strong buying from industrial sectors such as electronics and renewable energy is helping silver outperform gold this year. The metal w

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