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Strong manufacturing data from China along with better performing Asian equity market dragged gold below the emotional level of $1300/ounce lately. As equities market gain strength, it neutralizes the safe haven appeal of gold. Though there is no significant activities from Ukraine and Middle East, raging tension in Gaza may add up to the gold price move. On the physical demand side, China is seen losing one fifth in the first half of the year compared to 2013 while India is still fighting with the policy issues.
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Live Prices - 28 Jul 14
London Fix ($/oz)
AM PM
Gold 1305.00 1304.50
Silver - 20.63
London PGM Price ($/oz)
AM PM
Platinum 1485.00 1486.00
Palladium 885.00 884.00
RBI Reference Rate 60.10 INR/USD
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