Gold Trades flat Ahead Of US Fed Meet, Silver Variable

Gold rates in India fell on Tuesday, following global trends ahead of the US Federal Reserve meeting

 

Gold rates in India fell on Tuesday, following the global trends ahead of the US Federal Reserve meeting.

 

The gold October futures fell by rupees 66 or 0.14 percent to rupees 46,212 per 10 grams on the Multi-Commodity Exchange. In the previous session, the gold futures ended at rupees 46,278 per 10 grams.

 

Silver December futures were trading at rupees 59,645 per kilogram, up by rupees 36 as against the previous close of rupees 59,609 per kilograms.

 

Gold rate today in Mumbai and in Delhi for 10 grams of 22-carat is rupees 45,130 and rupees 45,450, respectively.

 

Gold was retailing at rupees 43,600 per 10 grams of 22-carat in Chennai.

 

Gold price in Kolkata stands at rupees 45,550 per 10 grams of 22-carat.

 

As per to a report by Reuters, gold rates were trading flat globally as investors adopted a risk-averse stance ahead of US Federal Reserve’s policy meeting where the central bank is anticipated to provide cues on when it will roll out narrowing its asset purchases.

 

Spot gold was stable at USD 1,763.60 per ounce and US gold futures were flat at USD 1,764.40 per ounce.

India Scanner News Network

Leave a comment