Mumbai, June 8 (IANS) Gold and silver prices traded lower on Monday, with precious metals falling by nearly 4 per cent amid escalating tensions in the West Asia conflict, a volatile global macroeconomic environment and surging crude oil prices.On the Multi Commodity Exchange (MCX), gold futures (August contract) declined as much as 1.85 per cent or Rs 2,882 to hit an intraday low of Rs 1,52,712 at around 12:30 pm.The yellow metal was trading at Rs 1,53,550, down over 1 per cent or Rs 2,044. It t…
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Seoul, June 8 (IANS) Loans extended to companies in South Korea grew at the fastest pace in 3 and a half years in the first quarter compared with the previous three-month period, driven by strong demand from the service sector, central bank data showed on Monday.Outstanding loans to local companies reached 2,061.8 trillion won (US$1.33 trillion) as of end-March, up 35.6 trillion won from the fourth quarter of 2025, according to data from the Bank of Korea (BOK).The increase marked the largest on…
Seoul, June 8 (IANS) South Korean stocks were trading more than 6 per cent lower late on Monday as investors dumped market heavyweights amid a tech slump sparked by a US chip slide and concerns over a possible hawkish pivot of the US Federal Reserve. The local currency was trading sharply lower against the US dollar after opening at a 17-year low.After falling nearly 9 percent, the benchmark Korea Composite Stock Price Index (KOSPI) had plunged 492.8 points, or 6.04 percent, to 7,667.79 as of 11…
New Delhi, May 30 (IANS) Gold prices dipped 1.36 per cent during the week as a stable dollar and stronger‑than‑expected US inflation data reinforced expectations that the US Federal Reserve may raise interest rates later this year.On Friday, MCX gold June futures dipped 0.59 per cent while MCX silver May futures lost 0.94 per cent. Currently, gold futures stand at Rs 1,56,000, while silver futures at Rs 2,67,000 per kg.The price of 10 grams of 24-carat gold was at Rs 1,56,463 on Friday down …
New Delhi, May 23 (IANS) Gold prices rose 0.19 per cent during the week over persistent geopolitical uncertainty and sharp movements in crude prices.On Friday, MCX gold June futures dipped 0.06 per cent while MCX silver May futures lost 0.09 per cent.Currently, gold futures stood at Rs 1,58,588, while silver futures stood at Rs 2,71,600 per kg on the Multi Commodity Exchange (MCX).The price of 10 grams of 24-carat gold was at Rs 1,58,117 on Friday, up from Rs 1,57,821 seen on Monday market openi…
Mumbai, May 20 (IANS) Gold and silver prices declined sharply on Wednesday, with both precious metals falling over 1 per cent amid rising concerns over higher US interest rates.On the Multi Commodity Exchange (MCX), gold futures (June 5) declined as much as 0.7 per cent or Rs 1,121 to hit an intraday low of Rs 1,57,959 as of 11:17 am. The yellow metal was trading at Rs 1,58,369, down 0.45 per cent or Rs 711. It touched an intraday high of Rs 1,60,378, rising 0.81 per cent or Rs 1,298, according …
Mumbai, May 18 (IANS) Gold and silver showed volatility on Monday amid rising geopolitical tensions in West Asia, which typically support safe-haven demand, and a sharp rise in US Treasury yields.On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,58,697 per 10 grams around 11 am, up Rs 150 or 0.09 per cent.The yellow metal touched an intraday high of Rs 1,58,884, rising Rs 337 or 0.21 per cent, while the day’s low stood at Rs 1,57,547, down Rs 1,000 or 0.63 per c…
New Delhi, May 15 (IANS) The US Federal Reserve is expected to hold rates unchanged as inflationary spillovers from the US‑Iran conflict keep upside risks intact, a report said on Friday.The report from Elara Capital said it has withdrawn its call for three Fed rate cuts totalling 75 basis points in CY26 andIt assigned a 20 per cent probability to a 25-basis point hike in December 2026 if the Strait of Hormuz remains closed until September, energy prices spike further and core personal consump…
New Delhi, May 15 (IANS) Gold and silver prices traded sharply lower on Friday, with both precious metals declining in domestic trade by up to 4 per cent amid strength in the dollar index.On the Multi Commodity Exchange (MCX), gold futures for June 5 fell as much as 1.52 per cent or Rs 2,478 to touch an intraday low of Rs 1,59,500 as of 10:45 am.Meanwhile, silver futures for July 3 came under heavier pressure, plunging 4.12 per cent or Rs 12,000 to Rs 2,79,102.At the last count, the yellow metal…
New Delhi, May 12 (IANS) Indian IT stocks took a deep plunge on Tuesday, dragging the Nifty IT index down 3.73 per cent to its lowest level since May 2023 after OpenAI said it would launch a new company with $4 billion initial investment to help organisations build and deploy artificial intelligence.A weak earnings outlook for the sector from analysts also impacted the sentiments with Nifty IT index extending losses for a second session.It became the top sectoral loser on the National Stock Exch…