Gold settled up by 0.09% at 26837 remained supported amid speculation the Fed could delay hiking interest rates until late 2015, instead of tightening midyear, after a recent run of soft economic data dampened optimism
on the recovery.
Crude oil is trading flat around Rs 3830.
Natural Gas is up by 1 percent trading above Rs 180.
Gold is flat and is trading around Rs 27175.
Silver fell 0.15 percent and trading around Rs 39080.
Yesterday, Bullion traders were in bearish mood with prices of the yellow metal falling around 1 per-cent as fresh speculation of a lift-off in US interest rates before the ending of current year curbed the lure for gold as a store of value
Gold ended marginally lower but downside was limited as the Dollar softens on Thursday due to sluggish claims data. Silver prices rallied on Thursday. The International Monetary Fund trimmed its forecast for global economic growth this year, citing recent weakness in the United States. But the IMF said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.
The Euro strengthened after Greece proposed reforms similar to those demanded by creditors in return for a financial bailout, boosting the chances the nation will remain in the currency union and reviving risk appetite.
Share market tips - Gold futures ended lower in the native market on yesterday as investors, speculators & observers quited positions in the precious metal tracking weakness in the overseas
Gold has seen a meteoric rise as investors have sought safety in the precious metal during uncertain economic times. Samaranta Mining could be positioned well to take advantage of this trend.
Samaranta appears to be well-positioned to benefit from the economic uncertainty driving up the price of gold and gold miners right now. Recent results from an airborne survey indicate major profit possibilities for the fledgling miners.
The prolonged volatility in the stock market is drawing more investors to traditionally perceived safer investments like gold. Here's why these companies and ETFs will benefit.
Gold has been on a bull run since the start of July but investors began profit-taking on Tuesday afternoon in advance of Federal Reserve Chairman Ben Bernanke's Jackson Hole announcement expected on Friday. Bernanke's statements regarding potential Federal support for the economy may have a major influence on the future of gold.
Investors are shedding gold and silver holdings at record speed as a preference for the dollar and fear of future liquidity impact attitudes. Miners, in spite of being undervalued against gold, are also being sold off amid the volatility.
Gold miners are climbing higher and Samaranta Mining Corp., which has interest in Colombia's rich mining industry, could be poised to benefit should the trend continue.
Gold futures were trading little changed in the domestic market on Friday as investors and speculators stayed cautious over booking fresh positions in the precious metal amid speculation
Crude oil slipped to Rs 2900.
Gold is trading above Rs 28200 with a gain of 0.5 percent.
Silver is trading at Rs 40250 climbed up by 2 percent.
Natural Gas has a gain of 4 percent.
Copper fell 1 percent and trading at Rs 352.5.
Aluminium,lead & zinc has a decline of 0.4 percent.
Nickel is trading flat
Gold fell 1 per cent and is trading below Rs 26,450.
Silver trades wat Rs 35,800 with a weakness of 1.75 percent.
Nickel gains 1 percent to Rs 1010.
Aluminum,copper,lead and zinc weakened by 0.4,0.25,0.25 and 0.2.
Crude oil slipped 0.6 per cent to Rs 4655.
Natural gas fell 0.3 per cent to Rs 273.3.
Bullion tips for today, Gold rose as investors sought safety in the metal following Friday's past week deadly attacks in Paris and a risk-off sentiment that sent United States stock futures lower.
Gold futures extended Friday's gains and were trading higher during late noon trade in the domestic market on Monday asFriday's deadly terrorist attacks in Paris which killed over 130 people, raised geopolitical risks, sapping risk taking appetite, and forcing traders to seek shelter in safe haven assets such as the bullion.
Today, Spot gold was steady but is set to complete the week stuck near its cheapest in more than 5 years as the metal struggles against a stronger USD ahead of a widely expected US rate increase next month.