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Arnab Das of Roubini Global Economics says, in an interview to CNBC-TV18, that the economic scenario is not ready for the US Fed to pull the plug on QE and expects gold to trend down on a stronger
HSBC believes that INR is a main beneficiary of lower commodity prices as it suffers from significant oil and gold trade deficits.
Geojit Comtrade has come out with its report on metals and energy. According to the research firm, one can buy MCX Gold June contract around Rs 26200 levels with a stop loss below Rs 26000 for price
Emkay Commodity Research has come out with its report on precious metals and energy. According to the research firm, gold prices are expected to move in a range as technical buying in lower levels
India's gold and silver imports jumped 138 percent in value terms in April as traders stocked up ahead of the Akshaya Tritiya festival in May, which is an occasion to buy gold.
MCX Goldguinea prices have moved down Rs 3174, or 13.17 percent in the May series so far. At 13:51 hrs MCX GOLDGUINEA May contract was trading at Rs 20926 up Rs 17, or 0.08 percent.
Fortune Financial Services has come out with its technical report on bullion. According to the research firm, MCX Gold June futures contract trend is weak on chart, traders can sell on rise or sell
Silver is more volatile than gold therefore any movement in silver prices is always magnified. If FOMC is hawkish about their policy move, then one can expect prices to correct further.
MCX Gold prices have moved down Rs 5859, or 18.20 percent in the June series so far. At 11:07 hrs MCX Gold June contract was trading at Rs 26335 up Rs 247, or 0.95 percent.
Gold fell to its lowest level in 21 months on Monday and analysts expect the prices of the yellow metal to remain bearish over the next few months. Bhaskar Bhat, MD of watches to jewellery
Gold and silver prices gained nearly 3 percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver to its lowest in 2-1/2 years before an abrupt midday turnaround.
Due to outflows from exchange-traded funds and as the dollar firmed, gold drifted lower for an eighth session out of nine on Tuesday
following weakness in dollar. From precious metals space, gold and silver prices gained about 2 percent yesterday after the recent weakness. Back home, the finance minister has raised his pitch against gold
Gold imports will be curtailed if needed, says finance minister P Chidambaram, as it would affect the trade and current account deficits. Addressing a gathering at the annual day of Competition
Karvy Stock Broking has come out with its report on bullion. The research firm has recommended traders to remain on sell side in Gold and Silver.
Gold-backed exchange-traded funds have seen massive outflows in recent months, although silver holdings have held up well.
In global markets, which normally sets the price trend on the domestic front, silver tumbled 7 per cent to USD 20.69 an ounce, gold by 1.5 per cent to USD 1,338.85 an ounce.
MCX GOLDM prices have moved down Rs 4549, or 15.09 percent in the June series so far. At 16:28 hrs MCX GOLDM June contract was trading at Rs 25592 down Rs 332, or 1.28 percent.
The actively traded gold contract for June delivery on the Multi Commodity Exchange (MCX) was 1.28 percent lower at Rs 25,505 per 10 grams at 0904 GMT, after hitting a low of Rs 25,373, a level last
Inflation indexed bonds is introduced by RBI with an objective to reduce the appetite for gold. It will be linked to WPI index to reduce the impact of inflation. Financial expert Jitendra Solanki