News

India Commodity Market Forecast

Last week MCX Gold future prices witnessed bearish movement in initial part of the week but jumped up significantly in later part due to lower prices of Gold that encouraged purchases coupled with decline in Gold imports in this month. India Gold imports have not registered significant growth this month despite Government removing Import curbs as jewellers had overstocked the yellow metal expecting more import curbs from the government. In November Gold imports surged significantly due to higher demand spurred by the festive & wedding season and low prices.

by By Vivek Gupta, CMT, Director Research, CapitalVia Global Research Limited. December 27, 2014