Blaming a rush of investor-buyers for pushing gold price to over Rs 17,000 level, market experts see the yellow metal getting cheaper by about Rs 500 per ten gram by next week on profit-booking.
BSE Sensex, which opened nearly 7 points up at 17,229.72 this morning, ended the session at 17,009.17 with a decline of 213.84 points, or 1.24 per cent.
Indices might slip southward this week after a minor short-covering rally.
Markets fell for the second day this week.Sensex dipped 324.12 points.
BSE Sensex recaptured 12,000 levels to close at a seven-month high of 12,158.03.
Macquarie has said profit-booking is likely to emerge at current levels.
When markets are roaring it’s hard to believe that selling out is not stupidity
Sensex today fell by over 79 points on profit-selling.
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