Stock Market Updates | Experts View On Gold Prices

stock market down_Indian Stock Market went down today also. However last day market managed to end in green but today it failed to do so. Maximum sectors traded in the negative zone except Healthcare, IT and Auto sector. Sensex declined 74 points to 27126 while Nifty fell 14 points to 8323 and ended red. Overall 1157 indices advanced, 1550 shares declined and 151 shares remained unchanged.

Gold edged down in the Friday trading session. However post Brexit Gold prices are increasing in domestic as well as in the Global market. Due to global uncertainties, brokerage houses have increased the targets of Gold commodity. According to the experts Gold can rise up to the rates of 35,000 per 10 grams till Diwali. There are many reasons for the hike in the prices of gold. Post Brexit Rupee declined as well the other currency markets by which the prices of Gold get hiked. Increased demands of investors in Gold made its prices to uplift. Gold ETF and SPDR holding increased from 630 ton to 934 ton due to increased demands. Gold rally will continue till the end of the year. Currently Gold is trading on 31,714 with 167 points drop.

Next week Nifty Analysis, Experts Tips