Gold prices slump to 4-month low; silver rates down too
Gold prices fell to its lowest level in four months due to global sell-off in precious metals. On MCX, gold futures fell 1.3 per cent or ₹600 to ₹46,029 per 10 gram. Silver too shed 1.6 per cent or ₹1,000 to ₹63,983 per kg. In the previous session, gold and silver had plunged about ₹1,000 and ₹2,000 respectively. In the global […]
ED slaps Rs10,600-cr notice on Flipkart for flouting rules
The Enforcement Directorate (ED) has issued a show-cause notice of about Rs 10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 persons last month […]
Indian spot gold rate and silver price on Wednesday, Aug 04, 2021
A decrease of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹47950 from ₹47960. It was also lower than the previous week average of ₹48214.3 by 0.55%. Although global gold prices($1816.7) experienced growth of 0.18%, the spot gold price remained low in Indian market( ₹47950). Gold and other precious metals on Wednesday, […]
3.2 mn salaried people became jobless in July
At least 3.2 million salaried people lost their jobs in July despite the ebbing of the pandemic’s second wave and improved economic activity underscoring structural weakness in core sectors. Some 76.49 million people were employed in salaried jobs by July-end, lower than the 79.7 million people in June, showed latest data from the Centre for […]
Indian spot gold rate and silver price on Thursday, Jul 29, 2021
An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹47850 from ₹47840. It was also higher than the previous week average of ₹47832.9 by 0.04%. The Indian spot gold price as of today is ₹47850 which grew by 0.02%; the rate was lower than the global gold spot growth rate […]
Tata Motors plans to hike passenger vehicle prices from next week
Tata Motors is looking to increase prices of its entire range of passenger vehicles from next week as it aims to offset the steep rise in procurement cost of essential materials like steel and precious metals, as per a top company official. The Mumbai-based auto major sells a range of passenger vehicles like Tiago, Nexon, […]
Gold prices down, but experts say expect profit till Diwali
Gold prices continue to sink in the domestic bullion market. On Monday, the price of gold futures on MCX came down to ₹47,526 per 10 gram. This is nearly ₹9,000 lower than it’s all-time high of ₹56,200 in August last year. But experts say that it is still profitable to invest in gold as long as the price […]
Indian spot gold rate and silver price on Thursday, Jul 15, 2021
An increase of 0.02% in spot gold price in India was seen since yesterday, taking the value to ₹48090 from ₹48080. It was also higher than the previous week average of ₹47885.7 by 0.43%. Although the global gold prices($1826.4) dropped by 0.03%, the spot gold prices in India( ₹48090) saw a growth of 0.02%. Gold and other precious metals […]
Rupee Falls 12 Paise To 74.61 Against US Dollar In Early Trade
The Indian rupee depreciated 12 paise to 74.61 against the US dollar in opening trade on Wednesday as firm American currency and weak domestic equities weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 74.57 against the dollar, then fell further to 74.61, registering a fall of 12 paise over its […]
Indian spot gold rate and silver price on Tuesday, Jul 13, 2021
Spot gold prices in India( ₹47700) have decreased since yesterday( ₹47710). Also, it was lower than the average gold price observed this week ( ₹47827.1) by 0.27%. The spot gold price in India( ₹47700) decreased as compared to yesterday, despite of the fact that the global gold spot prices increased by 0.15% and reached the value of $1809.5. Gold […]
