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Live Gold Silver Reports And Update 27 August 2018, Gold prices today hit a one-month high, buoyed by buying by local jewellers amid festive buzz. In Delhi, gold prices hit the Rs 31,000 mark today by gaining Rs 100, according to PTI.
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Demand for physical gold was modest in India this week as the top bullion consuming state of Kerala coped with floods, while interest for the metal remained lacklustre elsewhere in Asia as buyers awaited a dip in prices.
On trigger for the decline in gold price today, Anuj Gupta, Head — Commodity & Currency at HDFC Securities said, “Last week, we saw a strong upside in gold price after the ease in US inflation, which triggered US Fed rate cut buzz in upcoming US Fed meeting.
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