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Gold prices regained some of their lost ground after four weeks in a row and settled in the green zone on Friday. The yellow metal found traction when the US dollar (USD) withdrew from a 20-year high, making precious metals cheaper for other currency holders. A weak Indian National Rupee (INR), which tested new lows … Read more
Bull vs bear: Following positive global signals, the Dalal Street bulls responded strongly to bears on Friday, leading to a strong upside on the Indian stock market. At Friday’s close, Nifty was up 456.7 points or 2.89 percent at 16,266 levels. Volumes on the NSE were slightly below recent averages. Among the sectors, the real … Read more
Bull vs bear: Due to weak global signals, the bear continued to hold its grip on Dalal Street – pulling the Nifty 50 index below 16,000 levels. The Bears had a complete grip on the Indian stock market throughout the week as the smaller declines sold in minutes and Nifty lost almost 4 percent during … Read more
The Indian rupee reached a new low of 77.48 against the US dollar on Monday, breaking the previous low seen in March, following the escalation of the conflict between Russia and Ukraine. Fears of a slowdown in global growth amid impending interest rate hikes by the US Federal Reserve have dampened investor sentiment against EM … Read more
MUMBAI / DELHI : The rupee fell to 77.46 against the dollar on Monday after reaching a record low of 77.52 in intraday trading, as foreign investors continued to pull money from Indian assets as the dollar strengthened after the US Federal Reserve raised interest rates. Analysts said the decline of the Indian currency should … Read more
The gold price has risen over the past two weeks and the yellow metal price futures contract for June expires on the Multi Commodity Exchange (MCX) has come close ₹53,000 per 10 g levels. According to commodity experts, the spot gold price has erupted on Friday at $ 1970 per ounce on a closing basis … Read more