gold stuck in a downtrend, page-10

Indians brace for lower gold prices.
-----------------------------------

Gold prices are likely to decline to Rs. 25,500-27,500 per 10 gram level in 2014-15 fiscal in line with global prices, a ratings agency said.

"The expected decline in domestic gold prices takes cues from the likelihood of a decline in international gold prices to between $1,150-1,250 an ounce during FY15, from the current levels of $1,300 an ounce," India Ratings and Research said, while assigning a negative outlook to domestic gold price for FY15
-----------------------------------

http://profit.ndtv.com/news/commodities/article-gold-prices-may-fall-to-rs-25-500-india-ratings-387805