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Gold, Silver Trade On Mixed Keep In Mind Amidst Weak Investor Interest

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India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier.Gold, Silver Cost Today: Gold and silver prices were trading on a blended note on the back of weaker investor interest in the middle of time out in United States dollar after recently's decline.

Gold futures for shipment in october fell as much as 0.22 percent to strike an intraday low of Rs 47,420 per 10 grams.

In the spot market, 24 carat gold was priced at Rs 47,250 per 10 grams, according to India Bullion - Jewellers Association.

22 carat gold was being retailed at Rs 46,110, 18 carat gold was being sold at Rs 38,270 and 14 carat gold was priced at Rs 31,420 per 10 grams.

COMEX gold trades marginally lower near $1829/oz after a 1.2% gain in previous session.

Gold eased as the US dollar stopped briefly after recently's decline.

Weighing on cost is weaker financier interest as is obvious from ETF outflows.

However, supporting rate is frustrating United States tasks report, persisting virus threats, China's regulative crackdown and geopolitical tensions associating with Afghanistan.

Gold might witness choppy trade amidst blended aspects nevertheless basic weakness in the US dollar might continue to support, stated Ravindra Rao, head of commodity research study at Kotak Securities.Meanwhile, the nation's gold imports in August almost doubled from a year ago to their greatest level in five months on an improvement in demand and as a correction in costs prompted jewellers to increase purchases for the festive season, a federal government source said.India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier, the source said on Monday on condition of privacy as he is not authorised to speak with media.In international markets, the prospect of a later start to Fed tapering was favorable for non-yielding gold, which stood at $1,827 an ounce, having reached its greatest given that mid-June at $1,833.80.

Back home, silver was trading marginally higher in trade as silver futures for shipment in December rose 0.4 percent to hit an intraday high of Rs 65,470.

In spot market, silver was priced at Rs 63,475 per kilogram.




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