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Gold prices in the country may even dip to Rs 20,500 per ten grams, a level last seen about 5 years ago, in case of a rate hike by US Federal Reserve later this year, according to India Ratings
Goldm prices on MCX were trading flat on Wednesday. MCX Goldm September contract was trading at Rs 24893 up Rs 10, or 0.04 percent.
Traders said slackened demand from jewellers and retailers mainly kept pressure on gold prices but a firming global trend, restricted the fall.
Goldpetal prices on MCX gained on Wednesday. MCX Goldpetal August contract was trading at Rs 2495 up Rs 2, or 0.08 percent.
Watch the interview of Aurobinda Prasad Gayan of Kotak Commodities Services with Ekta Batra and Anuj Singhal on CNBC-TV18. He spoke about the current trend in commodities markets.
Acccording to a CNBC-TV18 poll, cigarette volumes may decline of 15-18 percent. Volume-generating brands like Gold Flake may see contraction of 20 percent and Classic brand may see volumes decline
According to Sushil Finance, gold prices are expected to trade negative on the back of U.S. interest rate outlook.
Gold prices on MCX were trading with marginal gain on Wednesday. MCX Gold October contract was trading at Rs 25011 up Rs 38, or 0.15 percent.
Gold has been stuck in narrow ranges this week ahead of the conclusion of the Fed's policy meeting later in the day. Policymakers are expected to send more signals to the market that a US interest
broke a five-day losing streak on Tuesday; the S&P 500 led gains with a 1.2 percent bounce, while the blue-chip Dow and the Nasdaq Composite closed up 1.1 and 1 percent, respectively. Spot gold edged
Goldguinea prices on MCX declined on Tuesday. MCX Goldguinea August contract was trading at Rs 20340 down Rs 78, or 0.38 percent.
Snapping its two-day winning run, gold prices plunged by Rs 190 to Rs 25,300 per ten grams at the bullion market in the national capital as demand from jewellers and retailers at prevailing levels
Global gold demand shrank to its lowest level since 2009 in the second quarter as China poured funds into equities, which had promised better returns, and imports by India dropped to the lowest
Goldguinea prices on MCX slipped on Tuesday. MCX Goldguinea August contract was trading at Rs 20347 down Rs 71, or 0.35 percent.
Way2Wealth has recommended to sell MCX Gold around Rs 25010 with a stop loss of Rs 25147 for the target price of Rs 24760/24635, in its research report dated July 28, 2015.
Gold prices on MCX slipped on Tuesday. MCX Gold October contract was trading at Rs 25025 down Rs 93, or 0.37 percent.
Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in US interest rates.
Friends, the natural stocks of gold, silver and other natural metals on the earth surface will continue to decrease. Hence, you should make an attempt to slowly yet gradually create your own personal
decline in commodities ignited risk-off sentiment. Gold prices eased 0.3 percent at USD 1,093.20 an ounce, edging closer to last week's five-and-a-half-year low, as expectations for a rate hike in the US
Commodities have been a crushing long trade, with the latest rout taking oil below USD 50 a barrel, gold on its longest losing streak in almost 20 years and the commodity currencies - the Canadian
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