India gold futures have edged higher on Wednesday on global cues and a weakening rupee, which makes the dollar-denominated imported commodity expensive. Vishakha Chhabria, an analyst with Ventura Commodities Pvt Ltd., stated: Gold looks higher in intraday trade …fundamentals look positive.. For full story, click here
India’s gold futures eased on Thursday forced by a strong rupee, making the dollar quoted asset cheaper, and following global cues. Gnanasekar Thiagarajan, director with Commtrendz Research in Mumbai, said: The upside could be seen till 15,400-15,450 (rupees) on strong euro, but it may be capped by a strong rupee. For full story, click here
Analysts held mixed views on gold prices this week as weak global cues and falling oil prices are likely to be offset by domestic demand and a weak rupee. For full story, click here
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