The National Spot Exchange Limited in India on Friday recorded a turnover of Rs. 3589.21 lakhs with total of 1095 trades at the end of the first trading session. The turnover in bullion was Rs. 582.32 lakhs and in agri commodities Rs. 3006.89 lakhs.

e-Series
e-Gold demat delivery contract recorded volume of 578 units (1 gram each) and traded lower by Rs. 3.50/ gram from its previous close to settle Rs. 1931.20/gram while e-Silver demat delivery Contract recorded volume of 1121 lots (100 gram each) and traded higher by Rs 10.80/ 100 Grams from its previous close to settle closed at Rs. 3152.00/100 gram.

Bullion
Gold traded lower in the domestic market as well as overseas market. In domestic market Gold is trading near Rs.19000/10 gram levels. Gold Mumbai delivery traded lower by Rs 16.00/10 gram from its previous close to settle at Rs.19027/10 gram, Gold Mini Mumbai delivery traded lower by Rs 10.00/10 gram from its previous close to settle at Rs.19037/10 gram, Gold Hyderabad delivery traded lower by Rs 6.00/10 gram from its previous close to settle at Rs.19267/10 gram, Gold Mini Hyderabad delivery traded lower by Rs 70.00/10 gram from its previous close to settle at Rs.19240/10 gram. Gold Jaipur delivery traded lower by Rs 18.00/10 gram from its previous close to settle at Rs.19025/10 gram. Total quantity of Gold traded till 6.00 pm is 28.58 kg (including E-Gold).

Bullion Fundamental
Gold prices lower on Friday, as investors took to the sidelines. The precious metal has been supported by concerns the U.S. economic recovery is losing traction, which could increase the chances of more potentially inflationary quantitative easing by the Federal Reserve. But despite strength in prices, physical demand for the precious metal was muted. The world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust (GLD.P), reversed the inflows it reported over the last week, with its holdings falling more than 9 tonnes to 1,294.908 tonnes on Thursday. Meanwhile, Indian gold buying was muted for a second day on Friday as traders were cautious about placing fresh orders after prices traded near an all-time high.

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