Gold to regain its glitter despite lull: Analysts

After a strong upward move between May and August, the price of gold in India is showing a flat trend, more so after last Friday’s announcements of fiscal sops. However, analysts see a one-year price target as high as Rs 44,000 per 10 grams,...

Gold to regain its glitter despite lull: Analysts
After a strong upward move between May and August, the price of gold in India is showing a flat trend, more so after last Friday’s announcements of fiscal sops. However, analysts see a one-year price target as high as Rs 44,000 per 10 grams, from about Rs 37,000, since gold prices are influenced less by local events and more by global factors.