Demand for gold in India tepid despite fall in prices to a 5-year low
Gold Price Down Yet Demand Still Low.
Gold prices 25000 per 10 gram Monday by drop in overseas market low of $1,080 an ounce (31.10 gms).
Gold
Touched a low of rs 24909/10 gram for august contract down 2.3% from
friday close the lowest since having hit 24830 rs on June 28, 2013.
Bulion than bounce back to 25113 rs per 10 gram.
Gold traded at Rs 25,500 per 10 gm intraday.
People
are not showing interest in buying gold despite of fall in gold
price.Investors are showing their interest in investing in equities and
other financial articles where they can have good results. Many who are
getting married this year are going to buy some jewellery right now.But
still Big jewellers and bankers showed optimistic view.
Infosys ..8.97% high trade on Tuesday. Though Company showed 1.97% QoQ fall in net profit. But IT Firms have showed positive sign of profit rs 3091 crore in the preceding Quarter.
Sun Pharma Limited
showed negative trade on Tuesday by 15 .6%. The drug maker has said
that its revenue in fiscal year 2016 will be flat at best and struggling
to fix manufacturing problems at ranbaxy BSE 5.63.
Experts Views For Tuesday Trading
DLF Ltd. is a 'SELL' call with a target of Rs 102 and a stop loss of Rs 111'
'Ashok Leyland Ltd. is a 'BUY' call with a target of Rs 83 and a stop loss of Rs 75'
'Syndicate Bank Ltd. is a 'SELL' call with a target of Rs 97 and a stop loss of Rs 103'
Thermax Ltd. is a 'BUY' call with a target of Rs 1,200 and a stop loss of Rs 1,090'
Jain Irrigation Ltd. is a 'BUY' call with a target of Rs 81 and a stop loss of Rs 74.50.
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