Gold rate today: Track Gold price in India and market outlook

Gold prices edged further away from a 4-month low on Wednesday, as investors awaited testimony from US Federal Reserve Chair Janet Yellen and central bank officials expressed caution about further interest rate hikes. READ MORE



WHAT'S HAPPENING IN INDIA:
Gold and silver were trading higher in early trade on Wednesday on account of weaker dollar and subdued buying in precious metals by jewellers, industries and retailers. READ MORE

WHAT HAPPENED YESTERDAY:
Gold edged lower early Tuesday on a firmer dollar after touching near four-month lows in the previous session as the market waits for cues from the central bank on the path of US interest rate hikes. READ MORE

IF RATES ARE STEADY, GOLD LOAN NBFCS MAY SEE 28 PER CENT GROWTH:
Gold loan NBFCs such as Manappuram FinanceBSE -0.11 per cent and Muthoot FincorpBSE 0.41 per cent are expecting a growth of 15-28 per cent in the current financial year in business if gold prices stay the way they are, and there are no major disruptions to the domestic and global economy. READ MORE

METAL MANIA - GOLD IMPORTS RISE 200% AS CASH MAKES A COMEBACK:
A jump in retail demand, thanks to the increase of cash in circulation since demonetisation, and the low base effect last year are behind the spurt in gold imports in April from a year ago, say metal analysts and jewellery company officials. READ MORE