Guru Pushyanakshatra: Best day to buy gold
Guru Pushyanakshatra: Best day to buy gold
Guru Pushyanakshatra: Best day to buy gold
Zeebiz Bureau

New Delhi: Gold sales are expected to rise on the auspicious day of Guru Pushyanakshatra, falling today.

Gold demand in India, the world`s largest bullion buyer, will be strong in the month of October, a traditional time for festivals, despite high inflation that eats into savings and multiple growth-choking RBI rates hikes.

Experts opined that the auspicious timing for buying gold on Guru Pushyamrit yoga are from 10:30 am to 3:00 pm and 4:30 pm to 6:00 pm.

In India, gold prices have gained 29 percent since the start of the year, compared with just 15 percent gains in the stock market.

Indian gold imports rose 47 percent to 265 tonnes in the last quarter of 2010, continuing a strong trend to end at a little over 950 tonnes last year.

Spot gold was higher at $1,674.09 an ounce on Tuesday, easing from a three-week high of $1,694.60 hit in the previous session. Prices are still down more than 12.5 percent from the record of $1,920.30 struck in early September.

Here is the list of Bullion prices in the four Metros. Price as per Bullion closing yesterday (19.10.2011).

Mumbai

Gold Rs 26,325 per 10 gm

Kolkata

Gold RS 26,900 per 10 gm

Delhi

Gold Rs 26,820 per 10 gm

Chennai

Gold Rs 26,520 per 10 gm

With agencies input
 
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