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According to Achiievers Equities, Gold dropped sliding to the lowest level in around eight weeks amid fading demand for safe-haven assets.
According to Angel Commodities, on the MCX, gold prices are expected to trade lower today, international markets are trading marginally higher by 0.16 percent at $1222.8 per ounce.
Rising stocks and higher bond yields raise the opportunity cost of holding non-yielding bullion, while a stronger dollar makes gold more expensive for holders of other currencies.
The spot gold price was down 0.5 percent at $1,219.97 an ounce at 1414 GMT, falling below its 100-day moving average, a key technical support level currently at $1,224.
According to Angel Commodities, expect gold prices to trade lower today as all the risks and uncertainties have faded away while the safe haven appeal also seems to have taken a back seat.
According to Sushil Finance, expect gold prices to trade sideways on the back of short covering after drop in prices.
According to Achiievers Equities, Gold recovered on bargain-hunting after having dipped to a seven-week low earlier as safe haven demand ebbed away.
Spot gold was up 0.1 percent at $1,227.08 per ounce as of 0054 GMT, after touching a seven-week low of 1,224.86 in the previous session.
Gold prices bounced off a seven-week low on Monday as safe-haven demand ebbed away following pro-EU candidate Emmanuel Macron's victory in the French presidential election.
India's gold imports in April more than doubled from a year ago to 75 tonnes on strong demand during a festival that prompts purchases and as jewellers stocked up ahead of a new national sales tax
Watch the interview of Somsundaram PR, Managing Director of World Gold Council with Manisha Gupta on CNBC-TV18. He spoke about the current trend in gold.
According to Angel Commodities, on the MCX, gold prices are expected to trade lower today, although international markets are trading higher by 0.2 percent at $1230 per ounce.
which is the business loans, agriculture loans and loan against gold which are aligned with the banking space and within a matter of three months, we were able to kind of create a portfolio close to Rs
According to Achiievers Equities, Gold dropped after data showed U.S. job growth rebounded in April and as expectations for a U.S. interest rate hike in June grew and euro zone political risk receded.
Spot gold rose 0.2 percent to $1,229.90 per ounce as of 0124 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17.
According to Achiievers Equities, Gold prices dropped on expectations of further U.S. interest rate increases this year and receding political uncertainty in Europe.
According to Sushil Finance, expect gold prices to trade negative on the back of profit booking after up-move.
According to Angel Commodities, on the MCX, gold prices are expected to trade lower today, although international markets are trading higher by 0.14 percent at $1228 per ounce.
A French national has been arrested by the customs for allegedly trying to smuggle into the country gold valuing about Rs 45 lakh at Indira Gandhi International (IGI) airport here.
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