Spot gold was down 0.2% to $1,964.52 per ounce, although it was still on track for a 0.8% weekly gain. American gold futures remained stable at $1,979.50.
If domestic CPI trajectory broadly proceeds along RBI’s projections, we believe that repo rate at 6.5% should provide sufficient disinflationary force to nudge inflation towards RBI’s target level.
RBI Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.5%
Spot gold was up 0.3% at $1,945.60 per ounce. American gold futures remained stable at $1,960.10.
In conversation with Sheetal Agarwal of IIFL, the fund manager explains his view on the markets and the rationale for being bullish on PSUs.
The SPDR Gold Trust GLD, the world's largest gold-backed exchange-traded fund, reported a slight decline in holdings on Tuesday.
Initially, the company will emphasize launching fixed-income products.
Total volume for the month registered a growth of 8%.
The floor price for the auction has been set at Rs.3,150 per share
Spot gold remained steady at $1,961.09 per ounce. Futures for U.S. gold increased 0.2% to $1,977.30.