Mumbai, June 15 (IANS) Gold and silver prices traded higher on Monday, with precious metals gaining up to 3 per cent as a weaker US dollar and expectations around future US Federal Reserve policy decisions supported investor sentiment.The gains came even as geopolitical tensions eased after US President Donald Trump announced that Washington and Tehran had reached a peace agreement and that the deal is expected to be formally signed on June 19.On the Multi Commodity Exchange (MCX), gold futures …
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New Delhi, June 15 (IANS) The Indian rupee strengthened by 58 paise against the US dollar on Monday as global crude oil prices tumbled after US President Donald Trump announced that Washington and Tehran had finalised a peace deal and agreed to reopen the Strait of Hormuz.The domestic currency opened at 94.70 against the greenback in the interbank foreign exchange market and further appreciated to 94.60, a gain of 58 paise from its previous close. In the last session, the rupee had settled 67 pa…
New Delhi, June 15 (IANS) Global crude oil prices declined by nearly 5 per cent on Monday after the United States and Iran reached an agreement and announced the reopening of the Strait of Hormuz, easing concerns over disruptions to global energy supplies.The international oil benchmark Brent crude fell as much as 4.90 per cent to $83.05 per barrel in early trade, while US West Texas Intermediate (WTI) crude plunged 5.74 per cent to around $80 per barrel.According to market experts, Asian equiti…
Mumbai, June 15 (IANS) Domestic equity markets opened sharply higher on Monday after US President Donald Trump announced that a deal with Iran had been finalised and the Strait of Hormuz would be reopened.Sensex began the session with a surge of around 1,200 points or 1.6 per cent at 76,725.27 while Nifty opened around 360 points or 1.53 per cent higher at 23,984.85.Sectorally, Nifty Realty surged 2.59 per cent, followed by Nifty Cement, which gained 2.46 per cent, while Nifty Auto advanced 1.92…
Seoul, June 15 (IANS) A ceasefire agreement between the United States and Iran and plans to reopen the Strait of Hormuz have eased one of the biggest external risks facing South Korea’s economy, but oil prices could take time to stabilise and return to pre-war levels, experts said on Monday.US President Donald Trump announced that Washington and Tehran have reached a peace deal aimed at ending their months-long conflict, saying that the strategically vital Strait of Hormuz will reopen once the a…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …
Mumbai, June 13 (IANS) The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices.Nifty added 1.10 per cent during the week and gained 1.99 per cent on the last trading day to reach 23,622. At close, Sensex was up 1,695 points or 2.30 percent at 75,527. It added 1.73 per cent during the week.The Indian equities showed structural resilience in a turbulent week,…
Mumbai, June 12 (IANS) Gold and silver prices traded higher on Friday, with precious metals surging by up to 2 per cent amid hopes of a peace deal in the ongoing West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) increased as much as 1.11 per cent or Rs 1,668 to hit an intraday high of Rs 1,50,600 as of around 11:30 am.The yellow metal was trading at Rs 1,49,916, up 0.66 per cent or Rs 948. It touched an intraday low of Rs 1,49,569, a gain of 0.42 per cent or Rs 637 …
Mumbai, June 12 (IANS) Indian equity markets rose in morning session on Friday, following positive global market cues amid a fall in oil prices and reports that US President Donald Trump had cancelled plans to strike Iran, citing progress in talks.Sensex surged as much as 1.35 per cent or 1,000 points to touch an intraday high of 74,834 in early trade. Similarly, Nifty rose 1.26 per cent or about 300 points to 23,455.Sectorally, all indices traded in green. Nifty Realty emerged as the top perfor…
Mumbai, June 11 (IANS) Gold and silver prices traded lower on Thursday, with precious metals falling by up to 2 per cent amid escalating tensions in the West Asia conflict.On the Multi Commodity Exchange (MCX), gold futures (August) declined as much as 1 per cent or Rs 1,573 to hit an intraday low of Rs 1,46,444 as of around 12 pm.The yellow metal was trading at Rs 1,47,860, down 0.11 per cent or Rs 157. It touched an intraday high of Rs 1,48,089, up 0.04 per cent or Rs 72 from the previous clos…