According to Angel Commodities, expect gold prices to trade lower as the new FED successor is more likely in favour of high interest rates while strengthening dollar and good labor market will further push down yellow metal prices.
The company said it witnessed 12 per cent surge in gold sales on Dhanteras, which was celebrated yesterday across the country. It is an auspicious day to buy gold, silver and other metals.
Despite stock markets reaching their all-time high this week, most investment advisors still appear to be bullish on equities.
Mutual funds offer a variety of investment options that can cater to investors having varied risk-taking capacities.
A look at top cues from domestic and international cues that could have a bearing on D-Street.
The committee also approved the conversion price of Rs 2,690 per equity share against the floor price of Rs 2,688.35, the company said in a BSE filing.
Silver too dropped on speculative profit-booking after its recent rally on the back of reduced industrial buying.
For a medium term perspective we remain bullish on gold targeting USD 1350-USD 1380 on the higher side, while on the MCX prices could inch higher towards Rs 31,500-32,200.
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Systematic investment spread over gold-buying festivals may be the best option. Festival purchases should be limited to token amount since gold prices rise during Dhanteras and Diwali.
According to Angel Commodities, on the MCX, gold prices are expected to trade higher today, international markets are trading lower by 0.2 percent at $1302 per ounce.
Most mutual fund schemes have minimum investment requirement of Rs 500 for monthly SIP and Rs 5,000 for lump sum investment.
This may help quell your doubts about how much capital you should expose to a particular trade
The government on Friday fixed the purchase price of Sovereign Gold Bond (SGB) at Rs 2,987 per gram the subscription for which will open on October 16.
"The IWAI has raised Rs 660 crore as 'GOI Fully Serviced Bonds'. The resources raised by way of bonds are in addition to the budgetary support from the Government of India. The Government had taken a decision to enable IWAI to raise Rs 660 crore through GOI Fully Serviced Bonds in 2017-18," Ministry of Shipping said in a statement.
According to Sushil Finance, expect gold prices to trade sideways on the back of profit booking after up - move in prices.
In New Delhi, gold of 99.9 percent and 99.5 percent purity recovered by Rs 80 each to Rs 30,830 and Rs 30,680 per ten gram, respectively. The metal had lost Rs 15 yesterday.
According to Angel Commodities, on Wednesday, spot gold prices rose by 0.33 percent to close at $1291.7 per ounce with investors waiting for minutes from the U.S.
Alternative assets offer a wide range of possibilities starting from wine, art, real estate, REITs, InvITs and gold.
The MoU was signed at New Zealand High Commission here last night in presence of New Zealand's High Commissioner to India Joanna Kempkers and NITI Aayog CEO Amitabh Kant.
According to Angel Commodities,We expect gold prices to trade sideways today as the possibility of the rate hike in the US as soon as December and simmering tensions in North Korea are possible surrounding factors for the yellow metal.
Diwali is around the corner and as we pray for happiness and prosperity it is perhaps as good a time as any to take stock of your portfolio and your personal wealth. With equity markets being in consolidation mode this week we turn the spotlight on all that glitters - gold, silver, and even platinum.
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According to Sushil Finance, expect gold prices to trade positive on the back of short covering after drop in prices.
With low foreign ownership of securities and strong fundamentals Indian debt is preferred in the region.