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TOP INDIAN BUREAUCRACY NEWS | SARKARIMIRROR

TOP INDIAN BUREAUCRACY NEWS | SARKARIMIRROR

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  • About Us
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    • About Editor -in-Chief
  • INTERNATIONAL
    • International
  • Bureaucracy Updates
    • PSU
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  • Excl. Interviews
  • Post your coverages
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Sunday, December 21, 2025

Tag: even as the retail demand has declined

GOLD PRICE EXPECTED TO DROP TO A LOW OF RS.23,000 PER 10 GRAM PREDICTS ANALYSTS
Current News

GOLD PRICE EXPECTED TO DROP TO A LOW OF RS.23,000 PER 10 GRAM PREDICTS ANALYSTS

sarkarimirror July 27, 2015

Gold prices are expected to drop to a low of Rs 23,000 per 10 gm on continuing worries over interest rate  hike by Federal Reserve and stronger US dollar, analysts say. … Read More

" Commtrendz Research Director Gnanasekar Thiagarajan told PTI here. The gold MCX on Saturday was at Rs 24000 per 10 gm on continuing worries over interest rate hike by Federal Reserve and stronger US dollar000-23000-level. Back home020 an ounce in a week or month097.50 in international market. With the US Federal Reserve hiking the rates looking imminent500 per 10 grams in a week to month time. This is mainly because the market is nervous of the outcome before July 29752 per 10 grams and $1analysts say. "The gold remains bearish and the prices are likely to decline to Rs 23even as the retail demand has declinedGold prices are expected to drop to a low of Rs 23he added. In international markets the prices are likely to weaken to $1he saidhe said addinghoweverit may crack below $1it will be negative for goldthe prices of gold will be cushioned if the rupee weakens against the US dollar. At presentthe question now is by how much and whenthere is demand from stockistswhen the US Federal Reserve will take a decision on rate hike. Whatever the decisionwhich is keeping the market volatile till a final decision is takenwho are gearing up for the coming festivals

Tarun Sharma, Editor-in- Chief

tarun sharma editor

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