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According to Achiievers Equities, Gold prices eased but notched a weekly gain as investors opted for the safe-haven qualities of bullion due to uncertainty about U.S. and European politics.
According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are lower at $1234.16 per ounce.
Spot gold had edged down 0.1 percent to USD 1,234.28 per ounce by 0319 GMT, while US gold futures fell 0.3 percent to USD 1,235.2.
India's gold imports fell by about 32.7 per cent to USD 19.74 billion during the April-January period of this fiscal, which is expected to keep a lid on the current account deficit.Total imports
Watch Manisha Gupta of CNBC-TV18 speaking about the current trend and updates from the commodity space.
According to Angel Commodities, On the MCX, gold prices are expected to trade higher today, international markets are flat at $1238 per ounce.
According to Achiievers Equities,Gold prices rose to a one-week high as the U.S. dollar pulled back from its strongest level in more than a month, supporting demand for the yellow metal.
NBFC's business has also been affected by the moderation in disbursements with limited cash availability, especially microfinance and gold-backed lending.
Watch the interview of Adrian Ash of Bullion Vault with Manisha Gupta on CNBC-TV18. He speaks about the current trends in precious metals in the commodities market.
According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are trading higher by 0.2 percent at $1234.4 per ounce.
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 91, or 0.31 percent, to Rs 29,234 per 10 grams, in a business turnover of 266 lots.
According to Achiievers Equities, Gold gained shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate
in the near future.Gold imports tumbled 29.94 percent to USD 2.04 billion in January, from USD 2.91 billion in the same month last year, as demand softened following cash crunch, post demonetisation
Gold and diamond jewellery worth Rs 2.51 crore and wrist watches worth Rs 15.9 lakh were part of the Rs 55 crore assets amassed by late AIADMK supremo J Jayalalithaa, her close aide V K Sasikala
According to Achiievers Equities, Gold pared gains as dollar advanced after U.S. Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates.
Over the last 3 years (from December 2013 to November 2016) gold ETFs have witnessed outflows in almost every month, and cumulatively an outflow of around Rs 5,300 crore
According to Angel Commodities, expect gold prices to trade lower today on account of stronger dollar on comments from Janet Yellen regarding faster rate hikes and strong economic growth.
At the Multi Commodity Exchange, gold for delivery in April was trading higher by Rs 62, or 0.24 percent, to Rs 29,063 per 10 grams, in a business turnover of 300 lots.
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