Gold Price, Rupee and Equity Market Outlook: Yellow metal trends towards Rs 51900 level - What investors can look forward to | ICICI Securities highlights
Gold price has been rallying strongly in the last few sessions, lifted by a lacklustre dollar as investors awaited the US Senate runoffs in Georgia that will determine which party controls Congress and prospects of additional fiscal stimulus. Hence, ICICI Securities expect gold gold prices to remain positive towards Rs 51900 level in the short-term.
Equity benchmarks recovered intraday losses (168 points) yesterday and concluded a volatile session on a positive note. The Nifty ended yesterday’s session at 14200, up 66 points or 0.5%: Reuters