INSUBCONTINENT EXCLUSIVE:
Gold futures were last seen trading lower by Rs 134 - or 0.29 percent - at Rs 45,922 Gold Price In India: Gold futures traded lower on
Friday, September 24, as the yellow metal mirrored global trends after the US Federal Reserve policy statement projecting an early rate of
On the Multi Product Exchange (MCX), gold futures due for an October 5 delivery, were last seen trading lower by Rs 134 - or 0.29 per cent -
at Rs 45,922, compared to their previous close of Rs 46,056
Silver futures due for a December 3 delivery were last down 0.35 per cent at Rs 60,577 versus a previous close of Rs 60.789
Federal Reserve policymakers now anticipate to start raising rates of interest next year, reflecting a growing agreement that a tighter
policy will be required to keep inflation in check
The swift speed of interest rate hike compared to the reserve bank's projections in June comes as the United States economy continues a
quick healing after a short economic crisis duration in 2015
Domestic spot gold opened at 46,256 per 10 grams on Friday, and silver at 60,675 per kg - both rates omitting GST, according to Mumbai-based
market body India Bullion and Jewellers Association (IBJA)
The Indian equity benchmarks today increased to brand-new all-time highs with the BSE criteria index - S-P BSE Sensex breaching the 60,000
mark for the first time and Nifty rising above its psychological level of 17,900 driven by gains in stocks such as ICICI Bank, HDFC Bank,
Tata Consultancy Services
Up until now, Sensex struck a record high of 60,333 and Nifty 50 index has touched an all-time high of 17,947.65
On Friday, the rupee slipped 13 paise to 73.77 against the United States dollar in an early trade session tracking other Asian currencies
and a more powerful greenback in the worldwide markets
If the rupee damages against the dollar, gold prices might appreciate in rupee terms
What experts say: Mr Amit Pabari, MD, CR Forex: Internationally, the dollar index remain consolidated near 93.10 levels while the 10-year
Treasury yield leapt nearly 14 basis points to reach above 1.40 percent, a day after the Fed indicated that it will likely begin tapering
from November.Investors will also key an eye for Fed chair Powell speech due today for additional momentum in dollar
In the past session, the rupee traded on a steady to more powerful note tracking positive equities and constant inflows
The ongoing increasing unrefined oil rates to a three year high due to supply disturbances might dent the sentiments
Going ahead, advancements in the dollar over the financial obligation ceiling and danger for Evergrande's possible fallout will drive the
movement in the USDINR set
Mr Ravindra Rao, CMT, EPAT, VP- Head Commodity Research Study at Kotak Securities: COMEX gold trades little bit altered near $1749/oz
after a sharp 1.6 per cent decline yesterday
Weighing on gold cost is firmness in equity markets, weaker financier interest and Fed's forecast of early rate hikes
Supporting cost are international growth concerns amid disappointing financial data and issues about the Chinese economy.Gold's sharp fall
has dented market belief however a sustained decrease is unlikely as economic data and rising raw material price show increasing obstacles
