At the Multi-Commodity Exchange of India (MCX), precious metals and base metals posted gains while crude oil marginally declined for the week of Jan 23-Jan 27, 2012
The Indian rupee was an outperformer among emerging-market currencies Friday, rising 1.5% against the U.S. dollar, said Brown Brothers Harriman in a research note.
Gold could build on its rally into next week and possibly close out the month of January with a gain.
In a bid to match the import duty with rising prices, the Indian government trebled the customs duty on import of gold by increasing the duty twice by Rs. 100 each time, during the Fiscal Year 2009-10. Will it bring warmth to your gold holding? Or will you have to burrow your hands deeper into your pockets?