Gold prices dip globally; Akshay Tritiya adds lustre in India
DSIJ Intelligence / 28 Apr 2017
With a growing preference for high return yielding risky assets, gold prices dipped in global markets in early trades on April 28, 2017.
With a growing preference for high return yielding risky assets, gold prices dipped in global markets in early trades on April 28, 2017.
The spot gold was up by 0.1 per cent today and traded at USD 1,264.81 per ounce, and the US Gold Futures stood at USD 1,266.30, treading towards a weekly drop of 1.5 per cent, marking the largest weekly percentage fall since March 10, 2017, while heading towards a gain of about 1.3 per cent in the current month.
The holdings of the SPDR Gold Trust fell by 0.1 per cent to 853.36 tonnes on April 27, 2017, reducing by 6 tonnes since April 25, 2017. The dollar index rose 0.1 per cent to 99.171.
Despite subdued gold prices in global markets, the price of gold domestically revived on the occasion of Akshay Tritiya. The gold price on MCX recovered from a low of Rs 28,790 to Rs 28,840 intra-day, up by 0.25 per cent.
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