INSUBCONTINENT EXCLUSIVE:
Gold futures for delivery in October rose as much as 0.6 per cent.Gold, Silver Price Today: Gold futures for delivery in October rose as
much as 0.6 per cent to hit an intraday high of Rs 47,519 per 10 grams on the Multi Commodity Exchange on the back of price rise in
In international markets gold prices rose as an increasingly deteriorating security situation in Afghanistan spurred safe-haven demand,
though investors were largely focused on Fed chief Jerome Powell's speech for guidance on stimulus tapering plans
Back home, in spot market, fine gold with 24 carat purity was priced at Rs 47.350 per 10 grams, according to India Bullion - Jewellers
Association.Gold with 995 purity was priced at Rs 47,160, 916 purity gold was being sold at Rs 43,373, 750 purity gold was priced at Rs
35,513 and 585 purity gold was being retailed at Rs 27,700 per 10 grams, according to IBJA."COMEX gold trades marginally higher near
$1800/oz after a 0.2 per cent gain yesterday
Gold trades higher supported by safe haven buying amid increasing tensions relating to Afghanistan following attacks at Kabul airport
Mixed economic data from major economies and rising virus cases has also lent support
However, weighing on gold price is recovery in US dollar amid some hawkish Fed comments, weaker investor interest and drop in China's gold
Gold may continue to trade firm amid risk aversion in the market and a fall may come only if Fed Chairman sound too hawkish," said Ravindra
Rao, head commodity research at Kotak Securities.Investors now await Jerome Powell's remarks at the Jackson Hole, Wyoming, symposium at 7:30
pm for any hints about when the Fed will begin tapering its asset purchasing programme.Silver price also edged higher on the MCX as silver
futures for delivery in September rose as much as 0.7 per cent to trade above important psychological level of Rs 63,000 per kilogram
In spot market, silver was priced at Rs 63,230 per kilogram.
