Gold rates in India fell marginally as international prices declined. This was largely after the precious metal hit a 3-week high and declined globally. Gold for both 22 karats and 24 karats saw a small decline in trade.
In India, gold for both 22 karats and 24 karats was marginally lower, as investors digested a whole lot of data. In Mumbai gold for 22 karats was trading near the 28,100 mark per 10 grams.
It is unlikely that we sill see any sharp movement in gold on either side. Several investors are eagerly waiting for the prices of the precious metal to fall. Whether that would happen is still a guess.