Weak response to Japan bond purchase indicates investors' lack of confidence in govt securities
US gold was mostly unchanged at $1,358.8 an ounce
With the US Commerce Department saying that the US economy grew at a 1.2% annual rate in the second quarter, much less than expected
Renewed hedge funds' long position may keep sentiment up; traders eye Rs 32,500 per 10 gm on favourable monsoon and better kharif harvest
Globally, gold rose 1.2% to $1,357.50 an ounce in New York yesterday
The US Commerce Department reported that GDP grew at an annual rate of 1.2% in the second quarter, far less than economists' estimates of 2.6% growth
The BOJ expanded monetary stimulus on Friday through a modest increase in purchases of exchange-traded fund
Muted demand from jewellery makers due to off-wedding season also weighs on prices
GFMS revises its average gold price forecast for 2016 to $1,279, from $1,184 per oz in April
Sentiment subdued on weak global trend, as buoyant equity markets and gains in dollar hurt demand for bullion ahead of central bank meetings in US and Japan this week
Metal for delivery in August contracts was riding lower by Rs 121, or 0.39 per cent to Rs 30,750 per ten grams in 497 lots
Say it is imperative to address surge in unofficial imports in recent months
European Central Bank is all but certain to keep rates firm
US gold was down 0.4 per cent at $1,314.20 an ounce
In New Delhi, gold of 99.9% and 99.5% purity recovered by Rs 200 each to Rs 30,750 and Rs 30,600 per 10 grams, respectively
Adding further pressure on bullion was positive US retail sales data, which rose more than expected in June
Gold is in a major bull market and may surge to more than $1,500 an ounce as low interest rates buoy demand and the US presidential election looms
Globally, Gold fell one percent in early trade as European equities rose
India is one of the largest gold importers in the world and imports mainly take care of demand of jewellery industry
Gold prices in global market retreated as much as 0.40% to $1,337.54 an ounce in Singapore today