Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The Indian government bonds gained Thursday as investors remained cautious ahead of the Reserve Bank of Indian bi-monthly monetary policy meeting, which is scheduled to take place on August 9 at 05:30 GMT.
On the other hand, the long-awaited Goods and Services Tax (GST) bill was passed by the upper house of the Parliament of India, which lifted overall market sentiments.
The yield on the benchmark 10-year bonds, which moves inversely to its price, fell nearly 2 basis points to 7.178 percent, the yield on super-long 30-year bond also dipped 3-1/2 basis points to 7.384 percent and the short-term 2-year note yield slid nearly 1 basis point to 6.861 percent by 07:10 GMT.
The Goods and Services Tax (GST) has been passed in the upper house of the Parliament of India, after receiving unanimous support for 'one nation, one tax' concept. This indirect tax reform has been awaiting clearance for several decades now and is likely to provide a temporary boost to the domestic markets, with this vote was largely priced-in in the past month.
Moreover, we foresee that the central bank will keep its key policy interest rate unchanged in its next week’s monetary policy meeting in the wake of higher retail and wholesale inflation reading. Also, uncertainties surrounding global economy after Britain voted to leave the European Union will keep the RBI on pat.
In addition, markets also await the announcement of the new RBI chief, which is anticipated to happen in the ongoing monsoon session of the Parliament.
Lastly, investors will remain keen to focus on next week’s monetary policy decision, the last one by the Reserve Bank of India Governor Raghuram Rajan.
Meanwhile, the Sensex rose 0.04 percent or 12 points to 27,709.46 and Nifty-50 futures trading 0.05 percent higher or 4.60 points at 8,580.25 by 07:40 GMT.
