Gold price today: Yellow metal trades flat, Sell on rally towards Rs 49,550
Experts are of the view that investors can use rallies towards 49,550 could be used to go short as further strength in the dollar index could push both the precious metals lower. January 12, 2021 / 10:18 AM IST
Granules of 99.99 percent pure gold are seen at the Krastsvetmet non-ferrous metals plant, one of the world s largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. Picture taken November 22, 2018. REUTERS/Ilya Naymushin - RC121901F300
India Gold MCX February futures trade flat with a negative bias on Tuesday. Silver March futures also trade flat with a negative bias below Rs 65,500.
CLSA believes that JLR recovery should drive strong FCF generation and deleveraging for the company and continues to forecast a sequential volume recovery for JLR. Tata Motors remains our top pick in the sector, it said.