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Gold slips from 21-month high on global cues, fall in demand

Traders said besides a weak global trend, fall in demand from jewellers and retailers at prevailing higher levels at domestic spot market, mainly dragged down gold prices from the 21-month high.

All major markets, including the Bullion, Metal, Oils, Foodgrain and Jaggery will remain closed on Saturday on account of "Saraswati Puja".
International Brent crude benchmarks were trading at $31.80 per barrel at 0139 GMT, up 5.8 percent, or $1.74, from their last settlement.
"We have shut our shops to protest against the mandatory PAN card requirement," All India Sarafa Bazar Association Vice President S K Jain told PTI.
The bullion industry expects the government to cut the record 10 per cent import duty on gold in the annual budget for 2016/17 that will be presented on February 29.
Coolest Start UPs 2016