“As the dollar index keeps on rising, gold is becoming less and less attractive for other currency holders amid high volatility in equity markets. Therefore, for the upcoming festive season, the same volatility can be expected to continue along with $ 1600 as a danger zone. If prices move below this level, then the next support may emerge at $1530 – 1550 levels. “
FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at