Here's what experts have to say about gold price movements
"Gold prices rallied supported by dollar decline and fall in US bond yields," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities
"Gold prices traded lower with spot gold prices at COMEX (New York-based commodities exchange) trading down to $1,726 per ounce on Tuesday," said Tapa
Though sales in February and March were brisk, jewellers are viewing the price rise since end-March to be a spoiler
The import in January-March quarter was at a record 321 tonnes, up 159% from 124 tonnes in the same period a year ago
Gold in the form of jewellery can be held in any amount provided one has supporting documents
Gold prices witnessed a sharp rebound recovering from the bear territory, said Tapan Patel, Senior Analyst (Commodities), HDFC Securities
"Spot gold prices for 24 carat in Delhi were down by Rs 49 reflecting overnight selling in COMEX (New York-based commodities exchange) prices while we
In the international market, gold was trading with gains at USD 1,741 per ounce and silver was flat at USD 26.12 per ounce
With economic activities reaching pre-pandemic levels, India Ratings expects the momentum to continue into FY22, backed by a softening of gold prices