Mumbai, July 27 (IANS) Gold and silver prices traded higher on Monday, with precious metals surging up to 1 per cent supported by a weaker US dollar and easing inflation concerns after crude oil prices plunged following the suspension of hostilities between the United States and Iran.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,43,575 per 10 grams, compared with the previous close of Rs 1,43,106.At around 12:10 pm, gold was trading at Rs 1,44,173 per 10 grams, up R…
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New Delhi, July 17 (IANS) The Indian rupee snapped its three-day losing streak on Friday, opening 4 paise higher at 96.31 against the US dollar aided by a weaker greenback.The domestic currency had settled at 96.35 in the previous session.The recovery in the rupee came after the dollar index, which measures the US currency against a basket of six major peers, slipped to a one-month low.The dollar index steadied around 100.7 but remained on track for a weekly decline after softer-than-expected US…
Mumbai, July 15 (IANS) India’s benchmark equity indices ended in the green on Wednesday after a volatile trading session, with gains in banking and financial services stocks helping the markets overcome weakness in metal, information technology and realty shares.The Sensex rose 130.49 points, or 0.17 per cent, to settle at 77,185.43, while the Nifty advanced 26.45 points, or 0.11 per cent, to close at 24,074.85.Commenting on Nifty technical outlook, experts said that strong buying interest aroun…
Mumbai, July 13 (IANS) Gold and silver prices traded lower on Monday, falling by up to 2 per cent as a stronger US dollar and rising expectations of higher US interest rates outweighed safe-haven demand amid escalating tensions between the US and Iran.On the Multi Commodity Exchange (MCX), gold futures (August 5) opened at Rs 1,42,633, down Rs 845 or 0.58 per cent from the previous close of Rs 1,43,478.The yellow metal fell as much as 1.33 per cent or Rs 1,921 to an intraday low of Rs 1,41,557 a…
Mumbai, July 4 (IANS) Gold recorded its first weekly gain since May as trader expectations for further US Federal Reserve rate hikes moderated, pushing bullion prices around 3.1 per cent for the week.Soft US job numbers and lower energy prices led to investors reducing the expectations of monetary policy tightening.However, on Friday, MCX gold August futures eased 0.01 per cent while MCX silver July futures inched up 0.04 per cent. Currently, gold futures stand at Rs 1,47,365, while silver futur…
New Delhi, June 24 (IANS) Gold and silver prices traded almost 2 per cent lower on Wednesday amid concerns that higher global interest rates could weigh on demand for precious metals.On the Multi Commodity Exchange (MCX), gold futures (August) opened at Rs 1,45,000 per 10 grams, down Rs 1,528 or 1.04 per cent from the previous close of Rs 1,46,529.At around 12:10 pm, the yellow metal was trading at Rs 1,45,216, lower by Rs 1,313 or 0.9 per cent. During the session so far, it touched an intraday …
Mumbai, May 6 (IANS) Gold and silver traded higher on Wednesday, tracking weakness in oil prices and the dollar index, with both precious metals gaining up to 3 per cent.On the Multi Commodity Exchange (MCX), gold futures (June 5) opened at Rs 1,52,000 per 10 grams, up Rs 2,247 or 1.5 per cent from the previous close of Rs 1,49,753.At 11:30 am, gold was trading at Rs 1,52,419, up Rs 2,666 or 1.78 per cent. So far in the session, the yellow metal has touched an intraday high of Rs 1,52,450, up Rs…
Seoul, April 6 (IANS) South Korean stocks continued to trade higher late on Monday morning as investors anticipated a strong performance by Samsung Electronics in its first-quarter earnings guidance this week, boosting optimism in the artificial intelligence (AI) industry.The benchmark Korea Composite Stock Price Index (KOSPI) rose 116 points, or 2.16 per cent, to 5,493.3 as of 11:20 am (local time), reports Yonhap news agency.On Tuesday, Samsung Electronics is set to release its preliminary fir…
New Delhi, April 3 (IANS) The Indian rupee depreciation post February 27 is, in fact, in line with other currencies, and better than currencies which appreciated significantly in the earlier period (April 2, 2025 to February 27, 2026), indicating that in an uncertain world pushing the limits on rupee depreciation as a shock absorber does not hold beyond an inflection point, according to SBI Research.Interestingly, the Indian rupee depreciated by 6.4 per cent between April 2, 2025 to February 27,…
Mumbai, March 18 (IANS) The rupee on Wednesday touched a fresh record low of 92.63 against the US dollar, amid a firming greenback and continued foreign fund outflows.At the interbank foreign exchange, the rupee opened at 92.42 and moved in a narrow range before weakening to its all-time low during the session.The currency had closed at 92.37 on Tuesday.”The Indian rupee slipped to a fresh record low as a break below the 92.50 level triggered selling pressure, exacerbated by thin dollar liquidit…