money control declare : Gold prices are expected to trade lower today: Angel Commodities : 2017-05-05

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as declared in On the MCX, gold prices are expected to trade lower today, although international markets are trading higher by 0.14 percent at $1228 per ounce. Angel Commodities' report on GoldOn Thursday, spot gold prices declined by 0.87 percent to close at $1227 per ounce as prices fell to the lowest in more than six weeks on Thursday, on expectations of further U.S. interest rate increases this year and receding political uncertainty in Europe. OutlookWe expect gold prices to trade lower continuing its weakness from the previous trading session as the possibility of rate hike in June by the US Federal Reserve and hopes of Macron winning the presidential election in France will lead to dumping of the yellow metal. All the risk and the uncertainties in the markets have faded while stronger dollar index and the possibility of rate hike in June by the US Federal Reserve are push factors for gold prices to head lower in the near term. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.


as informed in Also Read: Global gold prices hit six-week low on rate hike expectationsIn the national capital, gold of 99.9% and 99.5% purity drifted lower by Rs30 each to Rs28,850 and Rs28,700 per 10 grams, respectively. New Delhi: Falling for the fifth straight session, gold prices fell by Rs30 to Rs28,850 per 10 grams at the bullion market on Friday, tracking a weak trend overseas amid low demand from local jewellers. Besides, low demand from local jewellers too fuelled the downward trend, they said. Following gold, silver ready declined by Rs50 to Rs38,800 per kg, while weekly-based delivery regained the Rs38,000 mark by rising Rs195 to Rs38,145 per kg on speculative buying. On the other hand, silver coins remained steady at Rs69,000 for buying and Rs70,000 for selling of 100 pieces.
as informed in

Asda shoppers strip the shelves bare of Thatchers Gold cider after supermarket slashes prices as low as £3.55 for eight cans and 28p a bottle of Bulmers Pear Cider

Bottles and cans of Bulmers, Kopperberg, Rekorderlig, Magners Irish Cider and Stella Artois Cidre were also reportedly slashed in Asda's offer. Twitter users spread the news this week the cost of Thatchers Gold had been slashed with eight cans sold for £3.55, as other brands also saw a huge drop in price. Other people throughout the country tweeted about their shopping trips – from London to South Shields they proudly displayed their bounties. Thatchers Gold normally sells at around four for £4 or £5 and shoppers were seen taking trolley loads of the goods, which were less than half price. Alistair Burns, tweeted a pic of his local store in Hatfield in Hertfordshire, showing full pallets.

Asda shoppers strip the shelves bare of Thatchers Gold cider after supermarket slashes prices as low as £3.55 for eight cans and 28p a bottle of Bulmers Pear Cider


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