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(PT) Gold prices declined by Rs 105 to Rs 56,780 per 10 grams in the national capital on Tuesday amid a weak global trend, according to obligations.
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Comex gold originals also declined in Asian marketing horn by traders ahead of the US Federal Open Market Committee (FOMC) meeting scheduled for February 1.
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"Market detections are expecting a 25 basis point hike (by the US Fed) this year, and will also be keeping an eye on Governor Jerome Powell's view of industry development
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"Policy meeting from BoE (Bank of England) and ECB (European Central Bank) are also scheduled later this week as well.
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Market participants are expecting a cut in import duty on gold in the Union Budget 2023-24.
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(Reuters) - Indian government bond yields edged lower on Tuesday after rising for the past three sessions, triggered by short-covering
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The benchmark 10-year yield ended at 7.3438% after closing at 7.4004% on Monday. After increasing by six basis points in the last three sessions,
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It also posted its biggest single-season decline since December 1. However the yield for the first month of 2023 was largely unchanged.
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Now the government has also announced a higher borrowing program for the next financial year in its annual budget on Wednesday.