The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
Import is returning to the normal prevailing three years ago
The price of gold in India seems to have bottomed out.
Crude oil's long price slide might be ending, feel some experts. Last Friday, the price of Brent crude, seen as a benchmark for what India uses, saw a low of $75.3 a barrel - it is now trading around $79. The fall has been nearly a third from its high seen in June, only five months earlier.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Banks have swung into action as gold prices continue to slide. Reduced loan-to-value ratio (LTV), cautious lending, and a close monitoring of the gold loan portfolio have prompted them to hedge their loan books against the reduction in prices.
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
China has cast a long shadow on India's economy.
Ratio trading in gold and silver prices is a trading tool.
Demand to remain high with festive season ahead and ongoing price fall
Dealers expect prices to fall further, owing to an impending rate hike in the US
Oil imports are a third of India's total import bill.
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