Gold ETFs, jewellery stocks to retain sheen

Gold ETFs and jewellery stocks such as Tribhovandas Bhimji Zaveri, Gitanjali Gems, Thangamayil Jewellery and PC Jeweller, may see buying interest as analysts and traders expect gold to remain firm in the short term. Spot gold was firm at $1,259.93/ounce on Friday. On Thursday, it rose to a high of $1,266.11, the highest level since September. Gold is up about 3 per cent for the week – the biggest weekly jump since March last year.