International gold prices were trading steady, holding the narrow trading range as market is awaiting outcome of US Federal Open Market Committee (FOMC) meeting and stance over Fed rate, he added.
On the National Commodity and Derivatives Exchange, coriander contracts for October delivery declined by Rs 18, or 0.29 per cent, to Rs 6,143 per quintal with an open interest of 25,610 lots.
Similarly, the white metal for delivery in March next year was trading lower by Rs 290, or 0.6 per cent, to Rs 48,068 per kg in a business volume of 171 lots.
As per the report, for a country like India, higher oil prices are equivalent to a negative terms-of-trade shock that weakens growth, pushes up inflation and deteriorates the twin deficits, the report said.
On the National Commodity and Derivatives Exchange, soybean contracts for the September delivery traded higher by Rs 13, or 0.35 per cent, to Rs 3,749 per quintal in an open interest of 45,300 lots.
In the first seven months of this year, India has exported 5.89 million kg of teas compared with 8.87 million kg in the corresponding period of the previous year, a drop of 33.59 per cent.