BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more
Q. Gold and silver prices fell last week, why is that? Also, downbeat US housing data came out too. How does it fit into the picture? What will be the trend this week? Naveen Mathur: The fall in precious metals was seen largely on Friday partly due to profit booking moves on mildly upbeat US … Read more
Neeraj Chopra Wins Gold In Paavo Nurmi Games: ओलंपिक और विश्व चैम्पियन भाला फेंक खिलाड़ी नीरज चोपड़ा ने पावो नूरमी गेम्स में गोल्ड मेडल जीता है. मंगलवार (18 जून) को फिनलैंड के तुर्कू में हुए इन खेलों में भारत की ओर से सिर्फ नीरज चोपड़ा ने भाग लिया था. नीरज ने अपने तीसरे प्रयास में 85.97 मीटर दूर भाला … Read more
Gold prices on the MCX hovered at Rs 72,077 per 10 grams on Wednesday, hitting an intraday low of Rs 71,811. In the international market, prices maintained a similar trend, hovering around $2,331.12 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 89,799 per kg and … Read more
The 2024 Lok Sabha election results have sent ripples across the financial markets, with significant implications for various asset classes, including gold. Investors must understand if these changes can affect their investment portfolios. Gold prices, at present, on the MCX are hovering at Rs 72,000 per 10 grams. Gold, often viewed as a safe-haven asset, … Read more
Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a … Read more
Spot gold tested a new lifetime high last week due to a combination of factors that have converged to propel the demand for the yellow metal. Multiple catalysts like US rate cut speculation, China’s economic stimulus, and renewed geopolitical tensions attributed to the rise in prices. Prices on the London spot market surged near to … Read more
In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more
Gold prices opened on the Multi Commodity Exchange (MCX) on Friday at Rs 69,475 per 10 grams and hit an intraday low of Rs 69,297. In the international market, prices hovered around $2,279.76 per ounce. Meanwhile, silver opened at Rs 79,339 per kg and hit an intraday low of Rs 78,777 on the MCX. In … Read more
A view of CBI headquarters in New Delhi. | Photo Credit: V. Sudershan The Central Bureau of Investigation (CBI) has coordinated the return of a gold smuggling case accused from Saudi Arabia via Interpol channels. The accused has been identified as Shokat Ali and he was wanted by the National Investigation Agency (NIA). On September … Read more