yellow metal

The year 2009 turned out to be a surprise package with asset prices on a strong rebound and investors growing more confident about companies performance and equities. As economies

Gold futures were slightly lower in early trade on Tuesday under pressure from a firm dollar, though technical buying in international gold limited losses, analysts said.

Gold prices continued their upward march tracking global cues and a weakening dollar to touch a record Rs 18,000 per 10 gram in the futures market today.

The wedding season is considered the best time for gold jewellers but with the yellow metal soaring to a record nearly Rs 18,000 per ten gm, city jewellers have reported a 25 per cent drop in demand.

India gold futures struck a fresh record high of 17,499 rupees per 10 grams tracking strong international markets and on safe-haven buying.

At 10:01 a

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.