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
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.
'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.'
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.
IPO market hopes to come out of slump in festive season, reports Sundar Sethuraman.
The rupee has been witnessing an unprecedented plunge in its value as it dropped to an all-time intra-day low of 68.75.
Weakness remains in IT and metal shares; Infosys continues downtrend.
'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.'
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
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
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.
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.
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.
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.
You will need a sharper eye for stock picking and a greater appetite for risk than most retail investors possess, recommends T N Ninan.
Images from the World Athletics Championships on Sunday, Day 3, in Oregon.
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.
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.
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
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
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.
Rate-sensitive sectors gained amid hopes that the central bank would ease monetary policy more aggressively next month.
The largest component in computing CAD is trade deficit. India's trade deficit widened to $13.35 billion in October as exports contracted 5.04 per cent and gold imports surged
Generally, it has been seen that commodity prices are driven higher by surging demand throughout the world. But the irony is that the latest surge comes amid concerns about a weaker global economy. At present, commodities prices are rising because the U.S. interest rates are falling below the rate of inflation.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
The rising trend in silver continued to remain unabated in the bullion market on Monday as the metal surged further to close at an all-time high of Rs 10,155 pre kg due to thin supply after a steep rally in the global prices.
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