09.05.2014 - Bullion market expects gold to reign at R25K-level in FY15
On Thursday, India Ratings said gold prices in the domestic market could lower in the range of Rs 25,500 per 10 gram to Rs 27,500 per 10 gram in FY15. “The expected decline in domestic gold prices takes cues from the likelihood of a decline in international gold prices to between $ 1,150 per ounce to $1,250 per ounce during FY15, from the current levels of $ 1,300 per ounce,” adding that an economic recovery in the US and euro zone would strengthen the US dollar that has historically a negative correlation with gold...............................................Full Article: Source
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