RBI gold loan decision a boon for investors; expert eyes Rs 57,000-mark tomorrow in futures trade
The Reserve Bank of India’s (RBI) decision to increase the gold loan-to-value (LTV) ratio to 90 per cent from the earlier 75 per cent is music to the ears of investors who have good exposure to gold related investments, Senior Technical Analyst Anuj Gupta said
At 8:15 pm, the October Gold Futures were trading at Rs 55710, up by almost 1 per cent from the previous close on Wednesday. Source: Reuters