The lower purchases in the world’s second-biggest gold consumer could limit a rally in global prices. Falling demand for gold imports could also help to narrow India’s trade deficit and support the rupee.
Market Trading Guide: BEML, DMart and BSE are among 8 stocks to buy on Monday for gains up to 19%
India’s headline indices ended Friday with strong gains helped by bank, energy and IT stocks. Nifty moved up sharply after three days of consolidation, resuming