Nirmal Bang Commodities expects gold and silver prices to trade range bound for the day. READ MORE The All India Gems and Jewellery Trade Federation (GJF) expects robust sales this Akshaya Tritiya across India. Consumer demand is expected to be strong due to the wedding season and traditional custom to buy gold on the occasion of Akshaya Tritiya. READ MORE The government has mandated that only BIS accredited refineries will be allowed to import dore, or raw gold, effective June 1 this year. This could potentially affect 20% of gold supply through dore, estimated at an annual 150-250 tonnes depending on premium that spot gold trades at to its landed price.

Source: Economic Times April 27, 2017 06:22 UTC