India's biggest jewellers' association has asked members to stop selling gold bars and coins.
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After gaining Rs 235 in last three sessions, gold further spurted by Rs 465 to Rs 31,450 per ten grams, a level last seen on December 12.
Import in the first nine months of the current calendar year fell 20 per cent to 525 tonnes from 658 tonnes in the year-ago period.
Dangal's and Shemaroo's entry shows there is ad-supported gold at the bottom of the Indian consumer pyramid if you can keep the costs low.
The precious metal had gained Rs 325 in the previous two sessions.
The short-term risk to our external balances stems from the yellow metal.
Policymakers have been grappling with high prices for food staples such as onions and potatoes even after the central bank raised interest rates by a quarter percentage point in each of its previous two reviews.
Gold in Singapore, which mostly set the price trend on the domestic front, climbed 0.6 per cent to $1,303.63 an ounce and silver by 1.9 per cent to USD 18.33 an ounce, the highest since September.
In the currency markets, the rupee lost another 10 paise to close at 1-week low of 63.54 against the US dollar
'Largely, new demat accounts are now being opened by the younger crowd, particularly GenZ.' 'This is great news since younger investors start their journey with very little capital, so they are risking less.'
Amid concerns of bullion trade being used for routing of black money, Switzerland's gold exports to India have risen further and is fast approaching Rs 1-trillion mark for the entire 2014.
Traders have used this as an opportunity to stock up silver.
'Markets could face uncertainty in the short to medium term.' 'It would be prudent to invest in alternative asset classes, especially debt, for about a year.' 'Bank fixed deposits are offering rates as high as 9 per cent per annum and these can be used as a great hedging tool until equity markets stabilise.'
IPO market hopes to come out of slump in festive season, reports Sundar Sethuraman.
Recycling in India fell by 22 per cent to 14 tonnes against 18 tonnes.
Oil imports were up 49.46 per cent to $11.5 billion on back of surge in international crude prices.
Amul, Gowardhan raise prices by Rs 2 a litre; others might wait for some time.
Weakness remains in IT and metal shares; Infosys continues downtrend.
The rupee depreciation will work in favour of students who are currently studying in the US and plan to secure a job that pays in dollars.
The rupee has been witnessing an unprecedented plunge in its value as it dropped to an all-time intra-day low of 68.75.
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
The rise in US bond yields spooked investors last week and there could a further increase given the inflation dynamics, according to Christopher Wood, global head of equity strategy at Jefferies. "The US bond market sell-off has continued over the past week, and with it the increased potential for an inflation scare. "Still, there is plenty of scope for bonds to sell off more since the last time the 5-year forward inflation expectation rate was running at current levels (namely in early December 2018), the 10- and 30-year bond yields were significantly higher at 2.91 per cent and 3.17 per cent, respectively," the market guru said in his newsletter GREED & fear. The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week.
The trade-war between the US and China is prompting investors to flee from risky assets, such as equities, to safe-haven bets, such as gold and treasuries
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
What do the fluctuating gold-silver price ratio portend?
The country's exports rose by 48.34 per cent to $32.5 billion on account of healthy growth in shipments of petroleum products, gems and jewellery, and chemicals, leather and marine goods, according to the data released by the Commerce Ministry on Thursday. Imports in June too rose by 98.31 per cent to $41.87 billion, leaving a trade deficit of $9.37 billion as against a trade surplus of $0.79 billion in the same month last year. During April-June 2021, the exports increased by 85.88 per cent to $95.39 billion.
The repo rate has been left unchanged at 4 per cent, Governor Shaktikanta Das said while announcing the decisions taken by the central bank's MPC.
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Images from the World Athletics Championships on Sunday, Day 3, in Oregon.
You will need a sharper eye for stock picking and a greater appetite for risk than most retail investors possess, recommends T N Ninan.
Reserve Bank Governor Shaktikanta Das on Monday said with the country's foreign exchange reserves at $677 billion, it is comfortably placed to deal with any spillover effects and for financing of the current account deficit. Over the last three years, the country's foreign exchange reserves have surged by $270 billion. He said as per the latest data, the foreign exchange reserves are $622 billion.
Parupalli Kashyap etched his name firmly in the history books by becoming the first Indian male shuttler in 32 years to win a gold medal in the Commonwealth Games.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
Demonetisation and changes in buying patterns of consumers help in pushing online sales.
Christopher Wood, global head of equity strategy at Jefferies reiterate his bullish view on Indian equities on the back of a steady fall in Covid cases coupled with a sharp economic recovery in India, reports Puneet Wadhwa.
Bank shares were the top losers along with index heavyweight RIL
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
Sensex ends lower; govt schemes in focus.
Just as the superstars of Indian cricket only play IPL and international fixtures and ignore the Ranji and Mushtaq Ali trophies in domestic cricket, Narendra Modi should play a very limited role in state assembly elections, argues Sudhir Bisht.
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