| Gold hit its lowest in six weeks as markets widely awaited confirmation of the US Federal Reserve’s stance on interest rates. A Fed official had hinted last week of more rate increases this year than estimated earlier. This renewed confidence is resulting in the dollar gaining against major global currencies.
Standard gold in Zaveri Bazaar declined to Rs 28,235 per 10 g, a level not seen since February 10. The metal, however, closed with a marginal recovery of Rs 40 to Rs 28,275 per 10 g on Tuesday amid thin trading due to a jewellers’ strike against the excise levy of 1 per cent...............................................Full Article: Source
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