Gold rate today: After climbing to a new peak of â‚ą89,796 per 10 gm, MCX gold rate witnessed some profit-booking during weekend sessions, ending around â‚ą2,000 lower at â‚ą87,785 per 10 gm, logging over 14% YTD rally. In the international market, spot gold prices finished at $3,023.63 per ounce after hitting a new peak of…
The US Federal Reserve meeting begins on March 18, with the outcome due on March 19. The Federal Open Market Committee (FOMC) is deliberating on policy rates and its stance at a time of heightened market volatility, with the risks of rising inflation and slowing growth looming due to US President Donald Trump’s tariff policies….
Gold rate today: Following the dip in the US dollar rates after US President Donald Trump’s jibe for a US Fed rate cut ahead of the first monetary policy meeting on Wednesday next week, gold prices skyrocketed on Friday and touched a new peak in the domestic market. Spot gold price missed by a whisker…
Gold price today: Despite soaring US dollar rates, gold prices in the domestic and international markets continued to scale northward in the week gone by. The MCX gold rate finished at â‚ą79,019 per 10 gm on Friday, logging around 0.80 per cent weekly gain against the previous Friday’s close of â‚ą78,400 per 10 gm. In…
Foreign portfolio investors (FPIs) continued their three-month streak in Indian equities, but inflows moderated in August, driven by domestic and global factors. However, they were consistent buyers in June and July after election-related jitters faded and stability returned to Indian markets. However, FPIs halted their buying streak with the onset of the new fiscal year…
Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open lower on Thursday following weakness in global markets. Asian markets traded lower, while the US stock market ended in the red overnight as investors watched out for Nvidia results for the second quarter. On Wednesday, the Indian stock market…
International crude oil prices snapped their three-day winning streak and fell around two per cent on Tuesday, August 27. Worries that slower economic growth in the US and China could reduce energy demand dragged prices down, especially after they surged over seven per cent in the prior three days. Brent futures last fell $1.31, or…
Indian stock market investors should capitalize on the growth potential of midcap and smallcap segments while having defensives like largecap pharma, IT and consumer in their portfolio, said Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher. In an interaction with Livemint, Kasat said there is more valuation comfort in largecap stocks and investors…
Gold rate today: After US Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium, gold prices witnessed a strong rally across bourses on Friday. On the Multi Commodity Exchange (MCX), gold rates surged to an intraday high of â‚ą71,940 per 10 gm, recording around one per cent rise against the intraday low of â‚ą71,302,…
US Fed rate cut: The recent downward revision of US jobs data, along with the minutes from the latest FOMC (Federal Open Market Committee) meeting, has strengthened expectations of a rate cut in September. Many experts are certain that the Fed will cut benchmark interest rates within the next few weeks. The next US FOMC…
