ENJOY BLOODBATH IN ALL BASE METALS
WATCH GOLD SILVER SAB PANI PANI
GOLD MCX CMP @28780
Gold Jewellery Exports to UAE Halve So Far This Year
Gold Silver Reports — India’s gold jewellery exports to the UAE have halved in the first two months of 2017 as the country has imposed a 5% import duty on gold jewellery. As a result, jewellers like Malabar Gold & Diamonds, Popley & Sons and others, who have a presence in the UAE, are ramping up their capacities there.
Goldman Bets Big on India, Sees Nifty at 10,200 by Dec 2018
Gold Silver Reports — Goldman Sachs, which maintains an `overweight’ stance on India, expects the Nifty50 to climb to 9,000 by the end of 2017 and hit fresh record highs of 10,200 by the end of 2018. Since the start of the year.
FOMC Meeting Date March 14-15
Gold Silver Reports — The dollar benefited last week from comments from various Federal Reserve officials regarding the potential for an interest rate increase at the March 14-15 FOMC meeting.
Gold MCX Expected Next Trading Zone 28900-29200
Gold Silver Reports — Technically Gold market is under long liquidation as market has witnessed drop in open interest by -2.48% to settled at 6130 while prices down 150 rupees.