Gold falls ₹10; silver climbs ₹774
The Hindu
The rupee appreciated 22 paise to 82.08 against the U.S. dollar in early trade on Tuesday
Gold prices in the national capital fell ₹10 to ₹50,783 per 10 grams on Tuesday amid appreciation in rupee, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹50,793 per 10 grams.
Silver, however, climbed ₹774 to ₹57,064 per kilogram from ₹56,290 per kg.
The rupee appreciated 22 paise to 82.08 against the U.S. dollar in early trade on Tuesday, tracking positive domestic equities and an overnight fall in the dollar index.
In the international market, gold was trading in green at $1,657 per ounce while silver was up at ₹18.91 per ounce.
“Spot COMEX gold last traded at USD 1,657 an ounce slightly lower from Monday evening while silver prices rose the following strength in base metal. In the near term, gold is expected to trade in a range with a positive bias on the back of a weaker dollar and a slide in Treasuries along with the strong physical gold demand,” said Dilip Parmar, Research Analyst at HDFC Securities.
Air India has signed an agreement with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a built-to-suit facility for the AME program that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.
Zepto raises $350 million in largest domestic fundraise in India, backed by leading financial institutions and notable individuals.
Adani Enterprises Ltd stock dips on NSE and BSE after Kenyan project cancellations and U.S. court allegations.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.