Gold, Rupee and Equity Markets Outlook I Details explained by ICICI Securities
Gold prices opened slightly lower on Wednesday and fell further during most of the session till a fresh eight-month low of Rs 46162. Prices have been falling gradually in the last few sessions as surging US treasury yields and a firmer dollar continued to take a toll on the metal. Therefore, ICICI Securities expect gold prices to remain weak towards Rs 45200 level in the short-term.
Gold Prices have been falling gradually in the last few sessions as surging US treasury yields and a firmer dollar continued to take a toll on the metal: Reuters