Bullion counter is expected to remain on subdued tracking weak overseas cues. On domestic bourses stronger local currency can cap the upside.
Gold can move in range of 28350-28800 while Silver can hover in range of 41200-41900 in MCX.
Gold futures declined for a third straight day as gains in equities curb demand for the precious metal as an alternative investment.
Gold rose 70 percent from December 2008 to June 2011 as the Federal Reserve bought debt and cut interest rates to a record in a bid to boost the economy.
Fed officials trimmed stimulus last week for the fourth consecutive meeting and are on track to halt buying in the second half of 2014.
www.punjiniveshonline.com
Gold can move in range of 28350-28800 while Silver can hover in range of 41200-41900 in MCX.
Gold futures declined for a third straight day as gains in equities curb demand for the precious metal as an alternative investment.
Gold rose 70 percent from December 2008 to June 2011 as the Federal Reserve bought debt and cut interest rates to a record in a bid to boost the economy.
Fed officials trimmed stimulus last week for the fourth consecutive meeting and are on track to halt buying in the second half of 2014.
www.punjiniveshonline.com
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