Lower prices boost gold demand in India
Gold demand in India improved this week, boosted by a fall in prices overseas, although some consumers waited to see if hopes for an import duty cut in the government's budget next week will be realised.
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Investors in India are bracing for higher taxes and fewer incentives from the government's annual budget on Feb. 1 as the focus shifts to wringing out revenues to finance giveaways and higher public investment.
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Markets
- STOCKS
- BONDS
- CURRENCIES
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|
| Name | Yield | Change |
|---|---|---|
| INR 10YR |
+6.402
|
-0.025 |
| US10YT=XX |
+2.486
|
+0.000 |
| JP10YT=XX |
+0.082
|
+0.002 |
8:22am IST
| Name | INR | USD | EUR |
|---|---|---|---|
| INR | 1 | 68.0800 | 72.8050 |
| USD | 0.0147 | 1 | 1.0694 |
| EUR | 0.0137 | 0.9342 | 1 |
| Index | Last | Chg |
|---|---|---|
| Gold |
1,191.00
USD
|
+1.20
Exp: Feb2017
|
| Copper |
2.68
USD
|
+0.02
Exp: Feb2017
|
| Brent Crude |
55.52
USD
|
+0.00
Exp: Jan2017
|