India’s gold futures have edged lower weighed down by a strong rupee, making the imported yellow metal cheaper. Kunal Shah, assistant vice-president with Nirmal Bang Commodities, stated: Inflationary concerns in the U.S. might continue to support gold. Resistance is pegged at 14,825 rupees. For full story, click here
India gold futures edged lower on Friday weighed by a strong rupee locally, making the imported yellow metal cheaper. Kunal Shah, assistant vice-president, Nirmal Bang Commodities, stated: The Indian rupee is pressuring prices. For full story, click here
India gold futures dipped on Thursday on a strong rupee, making the dollar-quoted asset cheaper, and further pressured by strong regional equity markets. Amar Singh, head of research with Angel Commodities, stated: We have a negative bias in gold today due to strong equity markets, reducing risk appetite in gold. For full story, click here
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