Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at 17,656 level. The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues... The post appeared first on .

Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at 17,656 level. The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues... The post appeared first on .

Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at 17,656 level. The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues... The post appeared first on .

Indices of Indian markets fell on Tuesday after gaining for seven consecutive days as BSE Sensex dipped 287.70 points to 59,543.96 while Nifty50 went down by 74 points to settle at 17,656 level. The stocks on Indian bourses rallied in the morning trade and declined after that, picking up cues... The post appeared first on .

New Delhi [India], October 23 (ANI): The rate of silver on Sunday morning was trading 1.80 per cent up at Rs 57,670 per kilo against its closing price in the last session, according to MCXindia.com.

Surat (Gujarat) [India], September 14 (ANI/PNN): Jainam Broking Limited, one of Gujarat's leading stock broking agencies organized a full day gala on September 3 to felicitate all their affiliated Options traders, in Surat.

New Delhi, July 13 (ANI) The Enforcement Directorate (ED) on Wednesday said it carried out searches at eight locations in Sikkim, Kolkata, Delhi and Mumbai in the Sikkim MCX Fraud case.

Mumbai Dec 30 PTI Gold which lost its sheen to some extent in the second half of 2021 is likely to regain the glitter in the New Year and cross the Rs 55000-per-10-grams level amid pandemic woes inflation worries and stronger US dollar After a stellar run up in 2020 when the yellow metal touched a record high of Rs 56200 on the MCX in August the prices are near Rs 48000 per 10 grams now This is roughly 14 per cent lower from the all-time highs and 4 per cent lesser compared to January 2021 levels All said the current level is still 3 per cent higher than overall international prices largely thanks to a weakening rupee CommTrendz Co-Founder and CEO Gnanasekar Thiagarajan said the reason behind the underperformance this year was the rush of liquidity in the equity markets Meanwhile the possibility of more COVID restrictions being imposed for Christmas and New Year holidays loomed over several European countries as the Omicron variant spread rapidly US health officials urged Americans to get booster shots wear masks and be careful if they travel over the winter holidays Thiagarajan said According to him tightening of rates would make the US dollar more appealing relative to currencies bound for relatively looser monetary policies such as the euro and yen Spot gold was at over USD 1791 an ounce level in the international market while in India MCX gold futures was at Rs 47740 per 10 grams on December 29 Gold prices are likely to continue to rise in the medium-term amid inflation worries and uncertainty over the Omicron variant of coronavirus Falling stock markets and golds inflation hedge status should keep it well supported on the downside Meanwhile if any geo-political tensions were to erupt that could again boost sentiment We expect prices to move in the range of USD 1700-1900 an ounce in the first half of 2022 and cross USD 2000 in the second half In the domestic markets we can expect prices to be in a range of Rs 45000- 50000 and cross Rs 55000 in the second half of 2022 for MCX Thiagarajan said HDFC securities Senior Analyst Commodities Tapan Patel said the US inflation and development on real bond yields may still cause some triggers to the gold rally The short-term resistance of gold lies at USD 1833 and USD 1870 with support at USD 1670 per ounce he said adding that for the long-term trend USD 1970 is expected to be the key resistance for 2022 with support at USD 1580 per ounce MCX Gold futures have short-term resistance at Rs 49200 and support at Rs 45000 per while for next year we can see upside capped at Rs 51800 and support at Rs 42500 he noted World Gold Council Regional CEO India Somasundaram P R said the introduction of the regulatory framework for the International Bullion Exchange and a framework for domestic trading underpinned by creation of a new security Electronic Gold Receipt mark would be potentially transformative in the next few years On the other hand the introduction of mandatory hallmarking in 256 districts and a see-saw in Hallmarking Unique ID threatened to create trade disruptions However deft handling by policy makers ensured its successful implementation he pointed The government had made hallmarking a quality certification mandatory with effect from June 23 2021 for 14 18 and 22 carat gold jewellery and artifacts in 256 districts of the country where there is at least one Assaying and Hallmarking Centre AHC As on date 127 lakh jewellers have taken registration from BIS for selling hallmarked jewellery Somasundaram said the move ended two decades of trade ambivalence and policy uncertainty and is a remarkable achievement In the months ahead soaring commodity prices and logistical costs are expected to impose further pressures and the RBI has already adjusted its inflation expectations higher Rising inflation tends to drive gold demand Gold is perceived as a strong hedge against inflation and decades of data supports this assumption he noted Motilal Oswal Financial Services VP Commodities Research Navneet Damani said gold prices could remain supported at lower levels after China reported its highest daily rise in local COVID cases in 21 months The broader range on COMEX could be between USD 1780-1825 and on the domestic front prices could hover in the range of Rs 48000-48385 he added However Stockal Co-Founder and Co-CEO Vinay Bharatwaj said rising rates are bound to cap the gains in the yellow metal as they increase the opportunity cost of holding gold PTI SM RAM DRR

A day before Diwali, Price of yellow metal across india  opened slightly higher than yesterday and was trading at Rs 47,840 per 10 grams On the Multi-Commodity Exchange (MCX). With the Diwali Festive Season in full swing, the demand for gold is high.If you are planning to buy gold this festive season, here is a […]

Bangalore (Karnataka) [India], September 15 (ANI/NewsVoir): Alice Blue Customer base has grown by 30 per cent during the first quarter of 2021. This robust growth is attributed to strong customer-oriented approach and focused delivery and support to customer services. With this rapid growth potential, the Alice Blue customer base is expected to double by the end of the financial year 2021.