Sensex Trades Marginally Lower, Dow Futures Up By 142 Points

Share markets in India are presently trading marginally lower.

The BSE Sensex is trading down by 161 points, down 0.3%, at 58,144 levels.

Meanwhile, the NSE Nifty is trading down by 38 points.

Coal India and Hindalco are among the top gainers today. Reliance and SBI Life are among the top losers today.

The BSE Mid Cap index is trading up by 0.1%

The BSE Small-Cap index is trading up by 0.6%.

On the sectoral front, stocks from the metal sector are witnessing most of the buying interest.

On the other hand, stocks from the energy sector are witnessing most of the selling pressure.

US stock futures are trading higher today, indicating a positive opening for Wall Street.

Nasdaq Futures are trading up by 36 points (up 0.2%) while Dow Futures are trading up by 142 points (up 0.4%)

The rupee is trading at 73.63 against the US$.

Gold prices are trading up by 0.1% at Rs 46,864 per 10 grams.

Gold prices struggled in Indian markets today amid subdued global cues. Gold prices edged up 0.1% to Rs 46,872 per 10 grams but still hovered near a one-month low. In the previous session, gold had dropped 0.4%.

In global markets, gold struggled today after a sharp decline in the previous week. Investors remained cautious ahead of a crucial US consumer price reading due later this week. Spot gold was flat at US$ 1,787.4 per ounce, after falling 2.1% in the previous week.

Speaking of the precious yellow metal, how lucrative has gold been as a long-term investment in India?

The chart below shows the annual returns on gold over the last 15 years...

As you can see, barring just two years - 2013 and 2015, gold has delivered positive returns in 13 of the last 15 years.

The recent price volatility in the bullion market has rattled many traders. Even with the recent volatility in prices, gold remains among the best-performing commodities this year to combat the fallout from the coronavirus pandemic.

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