Buying on dips likely to support gold prices https://ift.tt/RL0znNm may attempt a shot at $1965 resistance in the near term. The interim hurdle comes at $1955 while support is at $1931/$1914. For now, dip buying is expected to be a preferred trade.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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