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Commodities

Spot gold fell earlier to a session low of $1,323.43 an ounce and was down 0.6 percent at $1,328.96 by 3:36 p.m. EDT (1936 GMT). Bullion fell over 2 percent last week, its first weekly decline in seven weeks, as investors piled cash into riskier assets.

 
 
Gold continued to head downhill to trade at a 2-week low of Rs 30,550 per 10 grams by plunging Rs 200 on Monday, in sync with a weak global market.
Gold imports plunged by 38.54 per cent to $1.2 billion in June while inbound shipments of silver fell by more than a quarter in the month.
State-owned trading firm MMTC to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in a lots of five kg bars.
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