In the international market, gold was trading lower at USD 1,858 per ounce and silver was flat at USD 27.70 per ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel, “The yellow metal extended decline on a firm dollar. Traders and investors are awaiting fresh triggers from the US FOMC meet on Wednesday.”
Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, “Gold prices slipped to more than one-week low, weighed down by a stronger dollar as focus turns to the US Federal Reserve policy meet this week.”
