FY16 : Gold prices
may decline to up to Rs. 20,500 per 10 gms according to India Rating
and Research. The agency believes changes in gold prices will greatly
depends on the US interest rate decision. As such domestic prices may
range between Rs 20,500-24,000 per 10 grams from the current levels
of Rs 27,000.
Howevere it is said
that US continues to delay the interest rates hike, while major
economies Japan and Eurozone continue with their unconventional
monetary policy . So, domestic prices could also increase from
current levels and trade in the range of Rs 29,500-30,500.
The agency also
believes that the local premium for gold in India will remain stable
in FY16.
MCX Gold
today is trading at Rs. 26771.00, 50 points fell down. Market of MCX
Gold opened by 26,780.00
High-26,823.00
Low - 26,765.00
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