The move aims to prevent circumvention of the duty on gold and silver bars, a government official said
The move aims to prevent circumvention of the duty on gold and silver bars, a government official said
The US dollar index fell 0.1 per cent, making greenback-priced gold more attractive to other currency holders
Forex traders say the currency is trading in a narrow range as the support from positive domestic equities was negated by foreign fund outflows
Analyst believes that statements made by the Federal Reserve Governor last week indicate a more cautious approach to monetary policy adjustments
Forex traders say positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency
DME will be rebranded as the Gulf Mercantile Exchange to reflect its position as the key regional commodities exchange
Spot gold edged 0.1 per cent lower to $2,006.88 per ounce by 9.25am UAE time
Despite a weak US dollar against major overseas rivals, negative sentiment in domestic equity markets kept the rupee under pressure, forex traders say
The currency should manage to hold its ground after the initial drop and is unlikely to fall below 83.20 on Wednesday
Analyst says further strengthening of the dollar from current levels promises to significantly increase the pressure on gold