Gold fell to its lowest since end-December on Thursday as indications that the global economy might not be as pain-stricken as previously feared prompted investors to take risks ahead of a slew of economic data.
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Muted Domestic Demand Hurt Gold Prices for Second Day
Gold Silver Reports (GSR) – Gold had shed ₹50 to ₹33,170 per 10 gram on Tuesday. Bucking the trend, silver prices however today gained ₹20 to ₹39,120 per kg, tracking higher demand from industrial units and coin makers.
Silver Demand in India Set for 4-Year High on Farm Cash Payout
Silver will see a resurgence in demand this year from rural Indians spending cash handouts from the government designed to aid local economies ahead of the general election, according to Metals Focus Ltd.
Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund
One of last year’s best-performing hedge funds says the “trade of the century” is to buy gold and sell stocks as risk assets are due for another meltdown.
Gold Rate Today: Gold in a Narrow Range on Muted Demand
Gold rate were little changed in futures trade on Friday amid tepid demand by jewellers at the spot market.