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Gold Prices Remain Sluggish, Silver Too Down

Gold Amount Today: Yellow metal ante were apathetic on MCX

Yellow metal prices were apathetic on Thursday in the calm market, as on the MCX, gold October futures were trading at Rs 47,162 per 10 grams, hardly beneath than the antecedent abutting of Rs 47,179 per 10 grams. Similarly argent prices were additionally bottomward as argent September futures were trading bottomward by Rs 71 to barter at Rs 63,201 per kg. In the antecedent session, argent futures had concluded at Rs 63,272 per kg.

In the all-around market, gold atom prices were afterward a collapsed aisle to barter at $1,790.63 per ounce. Yellow metal prices fell by 0.7 per cent in the antecedent session, which was its best cogent one-day abatement in the accomplished 15 days. 

Platinum amount additionally witnessed a bordering rise, activity up to $1078.0 per Troy ounce. 

The movement of gold prices has been afflicted due to the cautious access actuality adopted by investors aloof afore the US Federal Reserve Chairman Jerome Powell's abundant accessible accent after this week.

Commenting on gold amount trends, Ravindra Rao, arch of article analysis at Kotak Securities said, "COMEX gold trades little afflicted abreast $1790 per ounce after a 1 per cent abatement yesterday. Gold trades little afflicted as assets in US dollar is countered by choppiness in equities as bazaar players position for Fed Chairman's comments at the Jackson Hole Symposium. Support from virus risks, all-around advance worries and geopolitical tensions are countered by weaker broker interest. Gold may abide alongside advanced of Fed Chairman's comments about all-around ambiguity may accumulate prices supported."

Gold Amount Today: Gold Futures Trades Lower, Likely To Hover Above Rs 47,000

Gold Amount Today: Gold Futures Trades Lower, May Abide Below Rs 48,000 Mark

Gold, Argent Barter Marginally Higher On Firm All-around Cues

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