Kolkata: Gold prices may not rise sharply this Akshaya Tritiya despite a spike in geopolitical tensions. Bankers and analysts reckon that the market has already factored in the consequences of an US-led missile attack against Syria last Saturday itself. Gold prices are likely to remain range bound and hover around the Rs 31,000-31,500 per 10 gm-mark on April 18, when Indians celebrate Akshay Tritiya, an auspicious day to buy gold.
Russia responded angrily to the US-led strike against Syria, warning of unspecified consequences. “One has to see how both countries behave. In the short term, a consistent spike in gold is not expected. At least, in the next 40 days, we do not see a huge rally. In fact, today’s gold movement is an indication ………….Read More>>