The trigger for international gold prices rising to $3,000 per ounce was Germany's upcoming heavy government borrowing.
Vimal Khumar and Pradosh Ranjan Paul struck massive hundreds as Tamil Nadu piled up 399 for two against Nagaland on the opening day of their Ranji Trophy Elite Group A match in Dimapur on Saturday.
Mohammed Shami rarely operated at his best and it had a cascading effect on Bengal as they went down by 41 runs against Baroda in the quarterfinals of the Syed Mushtaq Ali Trophy
Gold import from the UAE at a lower rate of duty -- in terms of an agreement -- has posed a survival challenge for the Indian refining industry while hurting the price discovery of the metal, with the India International Bullion Exchange starting operations at GIFT City. The problem has arisen after the government signed the Comprehensive Economic Partnership Agreement (CEPA) with the UAE. Under it, Indian jewellery manufacturers have been allowed to import gold at a concessional rate of 14 per cent against 15 per cent, which is normal.
The demand for gold is expected to take a hit if the price of the yellow metal - which has been hovering around Rs 60,000, a level never seen before - remains elevated. Due to a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram. Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period.
Home appliance maker Crompton Greaves Consumer Electricals reported better than expected performance in the second quarter (Q2) of 2024-25 (FY25), outperforming peers due to a strong showing in the electrical consumer durables (ECD) segment. The company's standalone sales rose by 10.5 per cent, while the ECD segment continued its growth momentum with a 12.5 per cent increase in revenues, driven by volume and pricing gains.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
Those interested in investing in gold have shifted to instruments, such as sovereign gold bonds and gold ETFs. Many others are, in fact, selling gold or using it as collateral to generate short-term liquidity.
Experts recommend buying gold as the fundamentals supporting a rally have not changed.
Roundup for Ranji Trophy matches played on Friday
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
A summary of the Vijay Hazare Trophy matches played on Saturday.
A summary of Ranji matches played on Tuesday.
A round-up of all the Ranji Trophy matches played on Thursday.
A summary of Day 2 action in the Ranji Trophy matches, played at various venues across the country.
Devdutt Padikkal continued his terrific form ahead of the IPL with a third successive century as the defending champions stormed into the Vijay Hazare Trophy quarterfinals
A round-up of Tuesday's play in the Ranji Trophy.
A summary of Thursday's action in Ranji Trophy matches across the country.
590 cricketers -- including 370 Indian players and 220 overseas players -- will go under the hammer during the two-day mega auction in Bengaluru on February 12 and 13.
Cheteshwar Pujara missed out on a second successive double hundred but his 182 went a long way in Saurashtra piling up a mammoth 570 in their first innings against Gujarat on the second day of the Ranji Trophy.
Cheteshwar Pujara surpassed Vijay Merchant's record for the most double hundreds by an Indian in first-class cricket -- a record that stood for almost 70 years. A roundup of Day 2 of the Ranji Trophy matches on Thursday.
Skipper Ishant Sharma shone with the ball with three wickets while debutant Kulwant Khejroliya impressed with his pace as Delhi restricted Assam to 224 for seven at stumps on the first day of their Ranji Trophy Group A match.
A summary of all the Ranji Trophy matches played on Sunday
Delhi spinners Manan Sharma and Vikas Mishra took an hour to grab the remaining four wickets as the Ishant Sharma-led team beat Railways by an innings and 105 runs in their second Group A league match of the Ranji Trophy, on Tuesday.
India Test regulars like Cheteswar Pujara and Ishant Sharma have also thrown their hat into the ring with base prices of Rs 50 and Rs 75 lakh respectively.
