Gold rises despite equity gains on bullish technicals, fund flows

Gold edged higher on Friday despite a rebound in stocks, underscoring support for the safe-haven metal from bullish technicals and money flows into exchange traded funds. Asian shares rose on Friday following a firmer finish on Wall Street and as investors awaited a meeting of the Group of 20 finance leaders that ...Read More

Quote‬ of the day 26th February 2016:

“Customers expect gold prices to soften with the customs duty reduction being thought on February 29^th  budget.”

S Subramaniam, CFO, Titan Company

Arun Jaitley Should Slash Custom Duty on Gold: Titan

S Subramaniam, chief financial officer of Titan Company, expects reduced corporate tax (announced last year) to kick in from FY17. "Finance Minister had promised income tax rationalisation in next three years, I am hoping some of that start kicking in this financial year," Mr Subramaniam said....Read More

Quote‬ of the day 26th February 2016

“Gold futures in Mumbai have surged 19% in 2016 to the highest in almost two years, reflecting the jump in global prices. That has calmed demand in India.”

Rajesh Khosla, MD, MMTC-PAMP India

Gold regains Rs 29,000 level on global cues, wedding season demand

 Snapping a three-day losing streak, gold prices rebounded by Rs 190 to close at Rs 29,100 per 10 grams at the bullion market on Wednesday amid firm global cues and wedding season demand from domestic jewellers.......Read More

AOJ Exclusive Opinion Poll Results: What do you expect from FM on gold import duty in the upcoming budget

Quote‬ of the day 25th February 2016

“Bullion’s ability to hold above $1,200 is impressive. The longer it does so, the stronger a base it will build.”

James Steel, Analyst, HSBC