India’s gold futures are expected to tread higher this week and may reach the Rs.17,000 mark again. A weak dollar overseas has enhanced the appeal of dollar as an alternative investment.
According to Harish Galipelli, Head of Research in JRG Wealth Management,
"After a brief correction, market is likely to resume its upward trend due to possible weakness in dollar and strong investment demand." Gold prices reached a record high at Rs.18,364 on December 3 last year.
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