While the dollar index which may head to the 106 level will prevent any steep upside in the gold prices, a festival-led buying could support the prices, he opined. The dollar index will be taking cues from the Federal Reserve’s policy outcomes on September 20, he added.
Diwali dhamaka isn’t over! How a Rs 38 lakh crore bull run sent Sensex up 8,000 points and Nifty up 10% in 8 days
India’s Diwali rally has added nearly Rs 38 lakh crore to BSE-listed companies’ market value in just eight trading sessions, with the Sensex surging nearly