Strength in dollar index, following recent strong US macro data and hawkish remarks from Federal Reserve s FOMC policy meeting, which weighed on gold prices, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
"Domestic markets gold price came under pressure, causing strength in the rupee," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
Gold slipped on Thursday, with spot gold prices (24 carats) in the Delhi markets trading at Rs 60,170 /10 gram, down by Rs 130, following a weak trend in the overseas markets, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
"Gold rose on Monday, with spot gold prices (24 carats) in the Delhi markets trading at Rs 60,200/10 grams, up by Rs 180 following a positive trade in the overseas markets," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.