Gold futures seen in range of Rs 31,600-32,850: India Infoline

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday

Brokerage expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Gold could move in the range of $1,700-1,790 an ounce till the year end, according to the broker, as the market has been roiled by conflicting comments from Washington about the negotiations.

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday, but it has been unable to break a strong resistance at $1,730 an ounce. Top U.S. Republican lawmaker John Boehner said on Thursday that the talks had made little progress, after expressing optimism about reaching a deal with the White House just a day earlier.

image
Business Standard
177 22
Business Standard

Gold futures seen in range of Rs 31,600-32,850: India Infoline

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday

Reuters  |  Mumbai 

Brokerage expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Gold could move in the range of $1,700-1,790 an ounce till the year end, according to the broker, as the market has been roiled by conflicting comments from Washington about the negotiations.

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday, but it has been unable to break a strong resistance at $1,730 an ounce. Top U.S. Republican lawmaker John Boehner said on Thursday that the talks had made little progress, after expressing optimism about reaching a deal with the White House just a day earlier.

RECOMMENDED FOR YOU

Gold futures seen in range of Rs 31,600-32,850: India Infoline

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday

Brokerage India Infoline expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Brokerage expects a trading range of Rs 31,600-32,850 for gold on the Multi Commodity Exchange, it said in a report.

Gold could move in the range of $1,700-1,790 an ounce till the year end, according to the broker, as the market has been roiled by conflicting comments from Washington about the negotiations.

Global gold has recovered from a 1-1/2-week low of $1,705.64 an ounce hit on Wednesday, but it has been unable to break a strong resistance at $1,730 an ounce. Top U.S. Republican lawmaker John Boehner said on Thursday that the talks had made little progress, after expressing optimism about reaching a deal with the White House just a day earlier.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Finolex Cables 344.25 12.78
Gayatri Projects 592.80 12.64
B P C L 1011.65 9.20
Reliance Power 52.80 8.64
Prestige Estates 184.20 8.51
> More on BSE Gainers
Company Price() Chg(%)
Finolex Cables 345.30 12.92
Gayatri Projects 590.75 12.02
B P C L 1010.80 9.06
Reliance Power 52.85 8.63
Prestige Estates 183.95 8.14
> More on NSE Gainers
Company Price() Chg(%)
Novartis India 728.00 -12.06
Fortis Health. 164.10 -5.53
R C F 43.20 -5.16
Vardhman Textile 830.00 -4.60
VRL Logistics 276.95 -4.38
> More on BSE Gainers
Company Price() Chg(%)
Fortis Health. 164.00 -5.28
R C F 43.20 -5.05
VRL Logistics 276.35 -4.99
Vardhman Textile 829.95 -4.67
Somany Ceramics 461.50 -4.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard