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
Investors bet the BoE will cut interest rates for the first time in more than seven years
In first six months of 2016, India's gold import bill had been estimated at $9.4-9.6 billion with imports estimated at around 210 tonnes
Meanwhile, gold was trading higher at $1,365.41 an ounce in Singapore
Dealers in India were offering a discount of up to $100 per ounce to the global spot benchmark, up from last week's $57
Technical charts show spot gold may retrace towards a support at $1,323 per ounce
In-bound shipments contracted for fourth consecutive month in May by 39.14% at $1.47 bn
Silver, which climbed around 3%to reach a 1-1/2 year high on Wednesday, was nearly flat at $18.27 an ounce
Despite having run up substantially in the past year, recent events like Brexit can lead to further gains
In India, however, it is quoting at a discount; may stay so for a while
Increased buying by jewellers at domestic spot market, shifting of funds from falling equity markets supported the upside
A look at several factors that suggest the metal being a preferred asset for all kinds of investors
Prices of gold surged by 8.2% on Friday after Britain voted to leave the European Union
Silver surged by Rs 1,575 a kg on higher speculative and industrial offtake
The rupee too hit a four-month low of 68.21 against the US dollar, making the dollar-quoted gold expensive
Metal sheds Rs 150 to Rs 29,650 per 10 grams in NCR on Monday; Silver loses Rs 160 to Rs 41,200 per kg
SPDR, the largest exchange-traded fund for gold, has seen its holdings rise 40% since January, and 9.4% since April
According to an analyst, gold will push higher until the uncertainty over Brexit lifts