Gold prices rebounded by Rs 1,910 to Rs 98,450 per 10 grams in the national capital as rising global uncertainties triggered a fresh wave of safe-haven buying. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,540 per 10 grams on Tuesday. Gold of 99.5 … Read more
Gold futures have reached a historic high of $3,065.09 per ounce in New York, with 24K gold prices in India rising to Rs 90,450 per 10 grams, and 22K gold climbing to Rs 82,910 per 10 grams. Gold prices continued their upward trend for the third consecutive day, reaching a new record high of Rs 89,796 … Read more
Spot gold closed with a solid gain of 1.76% at $2330 Friday as the metal rallied for the third straight week. It hit a fresh record high just above $2330. It posted a whooping gain of nearly 4.50% on the week despite surging yields and a largely steady US Dollar. Part of the gains this … Read more
Banking industry concerns continue to recede, though the risk of banks’ deposit outflows to money market funds may affect the lending process of the banks, which means that eventually, there is a distinct possibility of economic slowdown in the coming months. In absence of any major negative headlines concerning the banking sector, risk appetite has … Read more