As a result of this war, we could see long-lasting macroeconomic impacts
Soft prices help gold sales, inflation hits consumer appliances
India's average households consider gold as an investment and keep it safe as an emergency corpus.
An improvement in US data is likely to drive down gold prices even more and help in festive purchases of precious metal.
Comex gold shoots up to one month high following the ease of the monetary policy by the US Fed. MCX Gold ended at Rs 48,287 per 10 grams.
COMEX Gold currently trades up 0.21% at $1813 per ounce. Gold traders are also eyeing a continued improvement in India's economic undertone.
In New Delhi, price of 24-carat gold fell by Rs 1,500 to Rs 50,300 from Rs 51,800 per 10 gm while in Kolkata. it decreased by Rs 1,300 to Rs 47,800
Typically one should have around 5-10 percent of total investments in gold. It is better not to overexpose oneself to gold
"Prices are also correcting in physical market as there is no demand. We are advising people to wait for lower levels to buy," said Anuj Gupta, IIFL
Gold prices may remain under pressure but higher inflation will protect the downside, say experts