Titan Company on Monday reported a standalone net loss of Rs 270 crore in the quarter ended June 2020 against a profit of Rs 371 crore a year ago, hurt by Covid-19-induced lockdown. The figure was significantly higher than analysts’ expectations. An ET Now poll had projected a net loss of Rs 127 crore for … Read more
Gold rose on Friday and headed for its biggest monthly gain in 8-1/2 years as the impact of the worsening coronavirus pandemic on the U.S. economy hammered the dollar, prompting investors to seek refuge in bullion. Spot gold was up 0.8% at $1,975.30 an ounce by 0927 GMT, while U.S. gold futures rose 1.5% to … Read more
Gold gave up gains on Tuesday after scaling record highs as the dollar regained some ground, although simmering U.S.-China tensions and bets that the U.S. Federal Reserve would maintain its dovish policy stance kept demand solid for the metal. Spot gold was steady at $1,941.23 per ounce by 0707 GMT, but off its peak of … Read more
NEW DELHI: Gold has lived up to its reputation as an asset class of distressed times, by staging a major rally that saw it get past the psychologically important Rs 50,000-mark on Wednesday in the derivatives market. Its peer silver was late to join the rally, but still has seen a stupendous rally, rising about … Read more
NEW DELHI: Gold and silver climbed higher in early trade on Tuesday as traders rushed to safe haven assets amid worries over rising Covid-19 cases across the world. The total Covid-19 patient count in India topped 11.5 lakh, the third highest in the world, with over 28,000 deaths. To check the spread, many states have … Read more
Gold steadied near the psychological level of $1,800 on Friday after a sharp fall in the previous session, as worries over surging coronavirus cases and US-China tensions underpinned its safe-haven appeal, although a stronger dollar capped gains. Spot gold was up 0.1 per cent at $1,799.18 per ounce by 0710 GMT. US gold futures were … Read more
NEW DELHI: Silver gained while gold was trading close to the flatline as cautious traders waited for clear signals before taking a bet as equities are racing ahead on hopes of swift recovery in economic conditions but rising Covid cases are still a worry. India has reported 7.9 lakh cases of Covid-19 till now, the … Read more
We are moving from a V-shaped recovery or the easy money, early gains to something that looks more like a U-shaped recovery, says Chairman & Chief Investment Officer, Hugh Johnson Advisors. In the last two months, we have seen the stocks making great moves despite a lot of uncertainty. Where do we go from here … Read more
Gold of 995 purity (24 carat), which hit a record high of Rs 50,392.75 per 10 gm on Wednesday including taxes, could rally another 10% in the next six-nine months, said Shekhar Bhandari, global transaction banking head, Kotak Mahindra Bank. “Rising US-China trade tensions, negative real rates by central bankers and fallout from Covid would … Read more