Sentiment remained bearish as gold fell in global markets after better-than-expected US economic data backed the case for the Federal Reserve to slow stimulus, traders said.
Gold has traditionally been the standard by which the value of anything is assessed
Traders said besides stockists selling, a weakening global trend where gold posted its biggest decline in almost seven months as Portuguese banking concerns eased and equities gained, diminishing safe-haven demand.
'Our consistency under pressure will be tested to the maximum at Paris.'
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
A husband has no control over his wife's 'stridhan' (woman's property) and while he may use it during the time of his distress, he has a moral obligation to return it to his wife, the Supreme Court has reiterated while directing a man to pay Rs 25 lakh to a woman in return for her lost gold.
Spaniard Carlos Alcaraz has made it to the semi-finals on his Olympic Games debut.
India's boxers Govind Sahani (48kg), Ananta Pralhad Chopde (54kg) and Sumit (75kg) struck gold at the Thailand Open in Phuket, notching up comprehensive wins in their respective bouts on Saturday.
Tamanna (50kg) and Nivedita Karki (48kg), silver medalists in the previous edition, were among five Indian women boxers who won gold in the youth competition of the Asian Youth and Junior Boxing Championships in Amman, Jordan on Monday.
As India prepare for their quarter-final match, it seems that Horn's boot-camp has had its desired effect.
Traders said sentiment turned distinctly weak after gold prices slumped in global markets as Swiss voters rejected a plan for their central bank to accumulate bullion and oil extended its decline to five-year low, curbing demand for the precious metal.
Another impressive week ended with a creditable semifinal finish for star shuttler Lakshya Sen after he stumbled to a three-game loss against Indonesia's Jonatan Christie at the All England Championships in Birmingham on Saturday, prolonging India's long wait for the coveted trophy.
Silver also drifted by Rs 450 to Rs 37,650 per kg.
The team will begin its campaign on July 27 against New Zealand, followed by matches against Argentina (July 29), Ireland (July 30), Belgium (August 1) and Australia (August 2).
India's tryst with fourth-place Olympic heartbreaks
India had won the mixed team gold at 2018 CWG for the first time and Chirag feels they can repeat the performance this year too.
Rafa Nadal returned to action for the first time since January at the Brisbane International on Sunday, losing his doubles match but overall showing no obvious after-effects of the hip injury that ruined his year.
Jana Novotna, who lifted the Wimbledon title 26 years ago in 1988, tragically died in 2017 following a battle with ovarian cancer aged 49.
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.
Check out how India's athletes fared on Day 6, Thursday, August 1, 2024:
Images from the US Open women's singles third round matches, at Flushing Meadows, New York, on Friday.
Silver followed suit, which traded lower by Rs 260 to Rs 38,540 per kg.
India will start their T20 World Cup campaign on June 5 against Ireland at the newly constructed Nassau County International Cricket Stadium in New York.
Costantini, whose second stint saw India win two Asian Games medals in 2018, has an excellent rapport with the Indian squad and has been closely following the development of Indian table tennis over the years.
A look at how India's athletes fared on Day 3, Monday, July 29, 2024:
Biles, the world's most decorated gymnast, returned for her third Olympics after she abruptly pulled out from the team final at the Tokyo Games suffering from the "twisties", a term used to describe the temporary loss of spatial awareness while performing high-difficulty elements.
Sharath Kamal and Gnanasekaran Sathiyan was outsmarted by familiar foes Paul Drinkhall and Liam Pitchford of England in the men's doubles final at the Commonwealth Games in Birmingham on Sunday.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
Australia's former women's captain Meg Lanning said that her early retirement from international cricket at 31 was forced by bouts of depression and weight-loss
Satwiksairaj Rankireddy and Chirag Shetty reached their second successive semi-final after humbling China's Ren Xiang Yu and He Ji Ting in straight games.
Silver followed suit and shed Rs 100 to Rs 36,050 per kg.
The demand for gold has bounced back sharply in India from the lows seen in 2020 because of the outbreak of the Covid-19 pandemic, and has even beaten the pre-pandemic level. In the September quarter, the demand for gold jumped 47 per cent year-on-year (YoY) to 139.1 tonnes, as against 94.6 tonnes in the year-ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, the World Gold Council (WGC) said in its latest release. In value terms, demand surged 37 per cent year-on-year (YoY) to Rs 59,330 crore during the quarter.
Vinesh Phogat failed to put up a fight and was knocked down by Mongolia's Khulan Batkhuyag
Gold in global markets fell toward a one-week low as investors awaited the outcome of the US Federal Reserve's meeting and assessed the situation in Ukraine, which impacted the prices at domestic markets, traders said.
Domestic equity gauges Sensex and Nifty extended their losing run for the third session in a row on Friday as participants remained cautious tracking other Asian markets amid geopolitical uncertainties in eastern Europe. After swinging about 700 points between gains and losses during the session, the BSE Sensex finally closed 59.04 points or 0.10 per cent lower at 57,832.97. On similar lines, the NSE Nifty edged lower by 28.30 points or 0.16 per cent to settle at 17,276.30.
India's greatest para-athlete Devendra Jhajharia will be contesting on a BJP ticket from his hometown of Churu in Rajasthan.
Such was Tokyo Olympics bronze medallist Bajrang's dominance in the 65kg competition that he won three of his four bouts inside first rounds.
World number 12 Belinda Bencic dug deep to overpower the Czech Republic's Marketa Vondrousova 7-5, 2-6, 6-3 on Saturday and win the Tokyo Games women's singles title, becoming the first Swiss woman to earn an Olympics tennis gold.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Images from the US Open men's singles second round matches, at Flushing Meadows, New York, on Thursday.
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