Gold prices remained steady in global markets today, continuing their rebound after suffering a big fall on Monday. In global markets, gold held above $1,400 an ounce, trading at$1,420.90 on the Comex in New York. Further supporting gold prices, US President Donald Trump on Tuesday announced two nominees to fill vacant posts on the Federal Reserve Board. "By this jewellers may increase import gold in a right manner. The smuggling of gold may reduce if import duty reduces," says Anuj Gupta, DVP for commodities and currencies research at Angel Broking.

Source: Mint July 04, 2019 05:15 UTC