Traders said sentiments turned bearish after gold fell to three-week low in global markets as a stronger dollar curbed demand after the Federal Reserve ended its asset-purchase programme because of an improving labour market.
Globally, gold prices slipped by 0.26 per cent to $1,246.20 an ounce in early trade in London.
Silver also recorded a sharp fall of Rs 1,000 to Rs 37,400 per kg.
Even as Tauktae's intensity weakened, it left behind a trail of destruction with as many as 13 people losing their lives in different parts of Gujarat, including Bhavnagar, Rajkot, Patan, Amreli and Valsad, officials said.
According to a study, teenagers who don't get enough sleep may be at an increased risk of engaging in unsafe sexual behaviours
At the benchmark Lasalgaon Agricultural Produce Market Committee (APMC) mandi, the model onion price shot up to Rs 21.50 a kg on Thursday, as against Rs 16.50 a kg on Wednesday. This was the highest since February 11.
The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of pulses, oilseeds and cereals were hiked substantially. Among the commercial crops, the MSP of cotton was increased by Rs 211 per quintal to Rs 5,726 for medium staple variety, and by Rs 200 per quintal to Rs 6,025 for long-staple variety of cotton for the 2021-22 crop year (July-June). The decision taken by the Cabinet headed by Prime Minister Narendra Modi will help farmers take a call on which kharif (summer) crop to grow as sowing picks with the spread of the Southwest monsoon in the coming weeks.
Traders said apart from increased buying by jewellers and retailers to meet seasonal demand, a firming trend in global markets on increased tensions in Ukraine and weakening dollar mainly influenced precious metal prices.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
In a late Tuesday evening development, RBI raised the repo rate, or the rate at which it lends to banks, by 50 basis points to 8.50 per cent. The cash reserve ratio, or the proportion of deposits kept with the central bank, will be increased by 50 basis points to 8.75 per cent.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
The Sensex after touching a high of 19,344, ended finally at 19,326 -- up 148 points. Nifty ended up 42 points at 5,850.
The Union government's role and the prices announced by the vaccine makers raises far too many disquieting questions, observes Prosenjit Datta.
American tennis ace Serena Williams has maintained her No 1 spot, while German Angelique Kerber has slipped to the third in the latest women's tennis world rankings issued by the WTA.
As cases of 'black fungus' among COVID-19 patients in the country rise to cross 7,000, the Centre on Thursday urged all states and union territories to declare it as a notifiable disease under the Epidemic Diseases Act to ensure mandatory surveillance to tackle the 'new challenge'.
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
A furious Djokovic went on to smash his racket three times on the court and was met with a chorus of boos from the spectators.
Gold has tripled in price, from $270 an ounce to over $850. Still, it may have further to go. In real terms, given the massive devaluation of the dollar since 1980, gold is relatively cheap. It's not the bargain it once was, but it could move higher.
Traders said gold prices surged on hectic buying by stockists for the marriage season and weak rupee against the dollar, making the precious metal costlier.
'We have instructed all our officials to take complaints of water shortage seriously and attend to it immediately.'
Soybean is trading at a 25 per cent premium to the MSP, after initially slipping below the government's threshold procurement price of Rs 2,850 a quintal.
Continuing its losing streak for the third day, gold prices drifted by Rs 155 to settle at Rs 28,175 per ten gram in the national capital today on sustained selling by stockists, tracking a weakening global trend.
Markets ended over 2.3% lower on Tuesday, amid a weakening rupee, weighed down by financials on concerns that the RBI would announce fresh measures to cap liquidity in an effort to prevent further weakness in the rupee.
The RLD has aligned with the Samajwadi Party and Bahujan Samaj Party in UP and is attacking the state government on farm distress and the outstanding sugarcane dues.
The tour of the Pakistani side was originally scheduled in October 2018 but was postponed because of local bodies elections in Jammu and Kashmir.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
There is a perception getting built inside the government that big technology companies -- a common term used for firms like Facebook, Google, Twitter, Amazon and the like - are becoming very powerful and present multiple threats to entire nations and their citizens today. The digital ecosystem is replete with CSAM (child sexual abuse material), fake news, drug trade, radicalisation, trolling among other social vices. Given the network effect that these platforms have, it is important to ensure that these platforms are not misused.
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Traders said heavy selling by stockists, triggered by a weak global trend, led to the fall in prices of gold and silver.
The buyback is proposed to be made from the shareholders of the company on a proportionate basis under the tender offer route using the stock exchange mechanism.
'While OTTs are a reality, big film producers will prefer a theatrical release before a digital one.'
At Lasalgaon mandi, Asia's largest onion selling market, the onion price jumped Rs 1.50 a kg to Rs 32 a kg, the highest since January last year.
10 grossers where he either had the leading part or played a pivotal role.
With capacity for 110,000 spectators, the Motera Stadium will dislodge the Melbourne Cricket Ground as the world's largest cricket stadium.
After remaining stationary for several hours over the sea, the cyclonic storm 'Phailin' on Thursday intensified, moving slightly northwest and lay centered at about 850 km southeast of Paradip.
Gold demand in India dropped by 30 per cent during the July-September quarter to 86.6 tonnes, compared to the same period last year due to Covid-19 related disruptions and ruling high prices, the World Gold Council (WGC) said in a report.
The suggested buyback price of Rs 3,850, which also is the stock's 52-week high, is at 6.7 per cent premium to the Wednesday's intra-day high price.
Company now plans to use 1800 MHz band spectrum as the primary wave while the 2300 Mhz wave will be supplementary for enterprise customers.
Several parts of Himachal Pradesh, including state capital Shimla, got another bout of snowfall on Monday as about 850 roads across the state remained blocked and disruption of power supply affected normal life.
