Gold, Silver Price today: Gold and silver prices traded on a mixed note, reflecting weaker investor interest during a lull in the US dollar after last week’s decline. Gold futures for delivery in October fell as much as 0.22 percent, reaching an intraday low of Rs 47,420 per 10 grams. According to the India Bullion & Jewelers Association, 24 karat gold in the spot market cost Rs 47,250 per 10 grams. 22 karat gold was sold at Rs 46,110, 18 karat gold was sold at Rs 38,270 and 14 karat gold was priced at Rs 31,420 per 10 grams.
COMEX gold is trading slightly lower near $1829/oz after gaining 1.2% in the previous session. Gold declined as the US dollar paused after last week’s decline. is disappointing US jobs report, virus risks lingering , China’s regulatory crackdown and geopolitical tensions over Afghanistan. Gold may witness choppy trading amid mixed factors, but the general weakness of the US dollar may continue to support,” said Ravindra Rao, chief of commodities research at Kotak -effects.
Meanwhile, the country’s gold imports nearly doubled in August from a year ago to their highest level in five months as demand improved and a correction in prices prompted jewelers to ramp up their purchases for the holiday season, a government source said.
India imported 121 tons of gold in August, compared to 63 tons a year earlier, the source said Monday on condition of anonymity as he is not authorized to speak to the media.
In international markets, the prospect of a later start to the Fed phasing out was positive for non-performing gold, which stood at $1,827 an ounce and reached its all-time high since mid-June at $1,833.80.
At home, silver traded slightly higher in trading as silver futures for delivery rose 0.4 percent in December to an intraday high of Rs 65,470. In the spot market, silver was priced at Rs 63,475 per kilogram.