Titan Company is hovering around the resistance of Rs 1,300 levels.
Dhanteras marks the beginning of Diwali festival and considered to be an auspicious occasion to buy precious metal in India
With accommodative global central bank policies and stimulus, analysts expect gold prices to do well going ahead
Jewellers are betting on recovery and are optimistic that a rebound in the economy and pent up demand will help boost sales during 'Dhanteras' and industry is likely to do 70% of last year's business
Most jewellers have also posted a sharp increase in lightweight gold jewellery sales for gifting and diamond ornaments for wedding and self-consumption
The auspicious occasion, also known as Dhanatrayodashi or Dhanvantari Trayodashi, is the first day that marks the festival of Diwali in India
Dhanteras is considered to be an auspicious day for buying gold, silver and other valuables
If the overall business remains same as the last year or goes marginally up by 5%, we will be very happy: Bullion traders