Gold, Rupee and Equity Markets Outlook Today: EXPLAINED
Gold prices opened flat on Tuesday and prices consolidated for most of the session in the range of Rs 48750-Rs 49050 levels. Prices have taken strong support in the last session as the U.S. dollar slipped while prospects of further global stimulus underpinned the safe-haven metal. Hence, ICICI Securities expects Gold prices to rise towards Rs 49600 level in the short term.
The Nifty opened the session with a positive gap (14281-14372) and flared northward throughout the session as buying demand emerged from Monday’s panic low (placed around 14200): Reuters