6 Lucky Metals to Wear for Success as per Vastu
Lucky Metals to Wear for Success as per Vastu Source link
Metals
Gold, silver price today, July 25, 2024: Precious metals witness dip on MCX
Both gold and silver prices recorded a dip on the Multi Commodity Exchange (MCX) on Thursday, July 25, 2024. Gold futures, maturing on August 5, 2024, stood at Rs 67,746 per 10 grams on the MCX, after recording a dip of Rs 1,206 or 1.75 per cent. The previous close was recorded at Rs 68,952. … Read more
Commodity Talk: How to trade precious metals this week
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
PSU banks will continue re-rating; SBI, ICICI Bank & Axis Bank poised for a breakout: Laurence Balanco
“You can see from foreign flows perspective that that rebound in China is detracting from some of the investment in India. I do not think it changes the longer-term trends, but we are in one of those holding patterns similar to the fourth quarter of 2023,” says Laurence Balanco, CLSA.What is the take on India … Read more
Gold rises on geopolitical tensions but investment demand remains weak
Gold, reeling under hotter than expected December US CPI inflation data released on Thursday, caught a bid Friday as the US and the UK launched airstrikes on Iran-backed Houthis‘ targets in Yemen to stop shipping attacks in the Red Sea. In a reaction, the Yemeni Group vowed to retaliate with an urgent response in the … Read more
Nifty companies’ Dec quarter profit may grow in double digits
Mumbai: India’s top 50 listed corporates are expected to report double-digit year-on-year growth in aggregate net profit for the third consecutive three-month period, ETIG estimates for the December quarter showed, although muted performance of technology and consumer-goods companies could decelerate the pace of expansion. Net profit in the December 2023 quarter for the Nifty 50 … Read more
Learn with ETMarkets: Predicting gold’s future: Insights from past trends
In the wake of an all-time high in gold prices post the festive season, investors are closely scrutinising past trends for insights into the potential duration of this rally and the likelihood of a corrective phase in the near future. Historically, gold has exhibited a characteristic pattern of correction, typically around 10%, following a robust … Read more
Stocks that India’s top 5 mutual funds bought and sold last month
With Nifty in a consolidating trajectory after hitting the 20,000-milestone in September, mutual funds are using the fresh inflow of funds to pick stocks from sectors like auto, utilities, consumer and insurance. AMFI data shows that money managers reduced stake in banks, IT, capital goods and metals in October. While the weight of private banks … Read more
Losing shine? Investment demand for gold plummets to four-year lows
COMEX Gold prices experienced a significant downturn, marking their most substantial weekly loss in months. The yellow metal slid below the critical $1,900 per troy ounce threshold, primarily in response to a sharp surge in US treasury yields. This surge in yields elevated the opportunity cost of holding gold. At its September policy meeting, the … Read more
Momentum Pick: Hindalco shares may gain 6% in near term on weak dollar
A benign US dollar could be good news for metals and one stock that may see a pullback due to this is Hindalco Industries. The share has a potential upside of 6% in the near term based on current momentum. Hindalco shares have underperformed not just the Nifty50 but also the Nifty Metal Index in … Read more