Gold Slips Near $1800 Mark In Asian Trades

Published on Jul 19, 2021 12:14

Gold eased a little after a surge during last week. COMEX Gold shot up to near one month high following hopes of a continued easy monetary policy by the US Fed. The US Fed Federal Reserve Chair Jerome Powell said the US economy was still ways off from levels the central bank wanted to see before tapering its monetary support. The yellow metal currently trades at $1805 per ounce, down 0.56% on the day. Losses are likely to be curbed as leading digital currency Bitcoin is lingering just above its six month low. India`s Gold imports came in at Rs 7134 crores in June 2021, recording a jump of around 55% compared to June 2020. Gold imports in April-May 2021 jumped by 1024% compared to April-May 2020.