Gold prices on the MCX hovered at Rs 72,363 per 10 grams on Thursday, hitting an intraday low of Rs 72,281. In the international market, prices maintained a similar trend, hovering around $2,353.18 per ounce. This indicates a certain level of stability in the gold market. Meanwhile, silver hovered at Rs 84,598 per kg and … Read more
Profit booking and global cues may keep the domestic equity market under pressure despite Sensex registering over a 1,000-points fall on Thursday, breaking its 10-day gaining streak. Fundamental and technical analysts both see scope for further correction in the market going ahead. Gaurav Dua, SVP, Head Capital Market Strategy and Investments, Sharekhan by BNP Paribas … Read more
People want to hold on to their gold positions as they see how the inflation story plays out, says the Emerging Markets Commentator. There are two very different cues. On the positive side, jobless claims have fallen below a million in the US and on the negative side, IEA has cut global oil demand for … Read more