Gold price, Rupee and Equity Markets Outlook I Details explained by ICICI Securities
Gold price started Monday’s trade on a flat note and fell gradually during most of the session till a fresh 11 month low of Rs 44150. Prices have been falling gradually in the last few weeks as a firmer dollar and higher US Treasury yields continued to diminish the metal's appeal. Therefore, ICICI Securities expect gold prices to remain weak towards Rs 44000 level in the short term.
Gold price started Monday’s trade on a flat note and fell gradually during most of the session till a fresh 11 month low of Rs 44150: Reuters