New Delhi, March 29 (IANS) Amid the persistent foreign outflows, domestic institutional investors (DIIs) continue to provide strong support, emerging as net buyers to the tune of Rs 26,897 crore last week, effectively absorbing the selling pressure from FIIs.This continued domestic participation helped cushion the downside and provided stability near key support zones, said analysts.“Foreign institutional investors (FIIs) remained consistent net sellers throughout the week, with cumulative out…
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Mumbai, March 20 (IANS) The Indian rupee dropped to a record low on Friday to 93.12 against the US dollar, amid global supply chain disruptions due to escalating Middle East conflict.The domestic currency fell 0.55 per cent to 93.12, eclipsing its previous low of 92.63 on Wednesday.The rupee has depreciated nearly 2 per cent since the West Asia tensions began.According to experts, the USD/INR pair is trading above the 92.8 level, indicating continued pressure on the rupee amid elevated crude pri…
Mumbai, March 19 (IANS) Gold and silver prices witnessed a sharp fall on Thursday following the US Federal Reserve’s latest policy decision announced overnight, even as escalating geopolitical tensions in the Middle East kept bullion in focus.On the Multi Commodity Exchange (MCX), gold futures (April 2) were trading around 1 per cent, or Rs 1,313, lower at Rs 1,51,712, hitting an intraday low at around 10:22 am. Similarly, silver futures (May 5) declined to Rs 2,43,083, down 2 per cent or Rs 5…
Mumbai, March 7 (IANS) Precious metals – gold and silver – maintained their bullish momentum this week, as escalating geopolitical tensions in the Middle East spurred safe-haven buying and heightened volatility across the broader commodities basket.Despite intermittent intra-day pullbacks and profit-taking, the trend structure for precious metals remains decisively bullish.Gold futures (April 2) on MCX extended their upward trajectory, breaking the Rs 1,65,000 resistance and trading at Rs 1,…
New Delhi, Feb 8 (IANS) The coming week features several important domestic and global triggers for the stock markets, including inflation (with revised base year of 2024) and more details on the India-US trade deal.In India, investors will closely track retail inflation data due on February 12 with updated base year, followed by WPI inflation and foreign exchange reserves data on February 13, for insights into price trends and external sector stability. Further details regarding the India-US in…
New Delhi, Jan 26 (IANS) In a dramatic rally, the gold prices have surpassed $5,000 an ounce, hitting another record high amid heightened global uncertainties.The safe-haven metal reached $5,026 an ounce in trading, as silver reached $102 an ounce for the first time. In January 2024, Gold stood at just above $2,000 an ounce.Precious metals continue to trade in a structurally strong bull market as we move deeper into 2026, with momentum firmly intact despite intermittent corrections and elevated …
New Delhi, Jan 10 (IANS) Gold and silver continued their structural bull run into the start of 2026 on the back of enhanced safe haven demand and industrial demand, analysts said on Saturday.Gold futures with February expiry gained significantly during the week touching Rs 1,38,875 per 10 grams, up from Rs 1,35,752 at last week’s close. The price of 10 grams of 24-carat gold closed the week at Rs 1,37,122 up from Rs 1,34,782 of the prior week, according to data published by the India Bullion and…
New Delhi, Jan 10 (IANS) The stock market focus in the coming week will shift firmly to third-quarter (Q3) earnings from India Inc, with heavyweight IT companies set to take centre stage and drive index-level direction, analysts said on Saturday.HCL Tech, TCS, Infosys, Tech Mahindra and Wipro— together accounting for nearly 13 per cent of the Nifty’s weight — are scheduled to report, making their results and management commentary critical for broader market sentiment.“Investor focus will…
New Delhi, Jan 3 (IANS) Gold and silver entered 2026 with elevated volatility after an exceptional 2025 rally, analysts said on Saturday, adding that the fundamental outlook for precious metals remains constructive.Gold futures with February expiry eased moderately down 0.04 per cent, settling at Rs 1,35,752 on MCX on Friday. The price of 10 grams of 24-carat gold closed the week at Rs 1,34,782 up from Rs 1,33,195 at the year end, according to data published by the India Bullion and Jewellers As…
New Delhi, Dec 22 (IANS) Driven by reports on expected US Federal Reserve rate cuts in 2026 and strong safe haven demand among investors, spot gold went up to a record high of $4,383.73 per ounce on Monday.In 2025, gold has seen a meteoric rise, up around 67 per cent amid geopolitical uncertainties and tariffs.According to analysts, gold and silver prices advanced last week and began the new week by touching fresh lifetime highs in both domestic and international markets.The rally followed…