India's National Spot Exchange Limited has recorded a turnover of Rs. 78.08 lakhs with total of 680 trades at the end of the first trading session. The turnover in bullion was Rs. 78.08 lakhs.

e-Series
e-Gold demat delivery contract recorded volume of 938 units (1 gram each) and traded higher by Rs. 6.20/ gram from its previous close to settle Rs. 1935.80/gram while e-Silver demat delivery Contract recorded volume of 494 lots (100 gram each) and traded higher by Rs 17.40/ 100 Grams from its previous close to settle closed at Rs. 3138.30/100 gram.

Bullion
Gold traded higher in the domestic market as well as overseas market. In domestic market gold is trading near Rs.19000/10 gram levels. Gold Mini Mumbai delivery traded lower by Rs 16.00/10 gram from its previous close to settle at Rs.19020/10 gram, Gold Hyderabad delivery traded higher by Rs 26.00/10 gram from its previous close to settle at Rs.19272/10 gram, Gold Mini Hyderabad delivery traded lower by Rs 12.00/10 gram from its previous close to settle at Rs.19310/10 gram Gold medallion Ahmedabad delivery traded higher by Rs 309.00/8 gram from its previous close to settle at Rs.15700/8 gram. Total quantity of Gold traded till 6.00 pm is 3.24 kg (including E-Gold).

Bullion Fundamental
Gold rose on Thursday as investors remained cautious about riskier assets, while a rise in holdings of the main gold exchange-traded fund demonstrated an appetite for bullion. Yesterday gold climbed to a two-month high at $1,254.65 an ounce as traders cited fears of a U.S. economic slowdown that could translate to further quantitative easing by the Federal Reserve.

Monthly ETF inflows turned positive in August; these need to accelerate for gold to overcome potential scrap supply at these prices and rise sustainably through $1,250. But at these higher prices demand has been dent in the Indian markets mean while scarp supply has increased by the investors of bullion.

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