Gnanasekar Thiagarajan

Gold prices in India, the world's biggest buyer of the metal, are likely to rise this week, extending gains past their highest level in four months, due to an import duty hike and dollar weakness overseas.

Gold futures are likely to extend gains from the highest level in more than a week helped by increased safe-haven bids, with weak physical demand back home weighing on sentiment.

Gold futures in the country, which hit their lowest level in eight months, are likely to recover from the multi-months low, helped by bargain buying.

The government on Thursday proposed imposing a transaction tax on futures contracts of non-agricultural commodities like gold, silver and base metals -- a move that could pull down the turnover of commodity exchanges, and mainly that of market leader Multi Commodity Exchange (MCX).

Gold is likely to recover from its lowest level in more than five months, helped by a weaker dollar, which enhances the appeal of the yellow metal as an alternative investment.

Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 per...

Gold futures are likely to surge past their highest level in two weeks.

The recent spurt in the rupee may curb the upside movement of gold at about Rs 29,400 per 10 grams level.

Indian gold futures, are likely to extend gains bolstered by a weaker dollar overseas though volumes are expected to be lower on jewellers strike.

Gold prices in India, the world's biggest buyer of the metal, are likely to rise this week, extending gains past their highest level in four months, due to an import duty hike and dollar weakness overseas.

Gold futures are likely to extend gains from the highest level in more than a week helped by increased safe-haven bids, with weak physical demand back home weighing on sentiment.

Gold futures in the country, which hit their lowest level in eight months, are likely to recover from the multi-months low, helped by bargain buying.

The government on Thursday proposed imposing a transaction tax on futures contracts of non-agricultural commodities like gold, silver and base metals -- a move that could pull down the turnover of commodity exchanges, and mainly that of market leader Multi Commodity Exchange (MCX).

Gold is likely to recover from its lowest level in more than five months, helped by a weaker dollar, which enhances the appeal of the yellow metal as an alternative investment.

Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. Monsoon rains are considered deficient - a drought in layman's terms - if they fall below 90 per...

Gold futures are likely to surge past their highest level in two weeks.

The recent spurt in the rupee may curb the upside movement of gold at about Rs 29,400 per 10 grams level.

Indian gold futures, are likely to extend gains bolstered by a weaker dollar overseas though volumes are expected to be lower on jewellers strike.