• Print
• E-Mail

In the physical market, a senior official in top gold consumer India said the nation's rising gold imports pointed to a good year after high and volatile prices dampened volumes last year.

When gold prices first began to decline last week, traders noted good interest from physical buyers.

The New York gold exchange traded fund (ETF) also saw inflows after falling 7 tonnes earlier in the week, to total 473 tonnes, although that is still some way off its peak holdings of just over 500 tonnes in mid-April.

Silver declined with gold, scoring a one-month low at $12.70. Prices then ticked back to $12.86/12.90, still below New York's previous $13.06/13.09.

Spot platinum fell to $1,268/1,273 an ounce from New York's $1,288/$1,292, while palladium slipped to $362/367 from $365/370 an ounce.