Gold gains ₹47; silver jumps ₹496
The Hindu
In the international market, gold was trading higher.
Gold in the national capital rose by ₹47 to ₹50,729 per 10 grams on Friday amid a rise in international precious metal prices along with depreciation in rupee, according to HDFC Securities.
The yellow metal had closed at ₹50,682 per 10 grams in the previous trade.
Silver also jumped by ₹496 to ₹53,429 per kg from ₹52,933 per kg in the previous trade.
The rupee depreciated by 14 paise to 79.70 against the U.S. dollar in opening trade on Friday, weighed down by strength of the American currency overseas.
In the international market, gold was trading higher at $1,702 per ounce while silver was flat at $17.96 per ounce.
"Gold prices traded firm with spot gold prices at COMEX trading 0.42% up at $1,702 per ounce on Friday," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.
Rupee hits all-time low at 85.20 against USD due to strong greenback, rising crude oil prices, and weak domestic markets.
Viatris faces U.S. FDA import alert for products from Indore plant, exceptions made for certain shortages.
xAI’s Grok may soon come to an iOS app as the company announced its Series C funding round of $6 billion.
Biocon and Zentiva receive EU approval for Liraglutide, a complex formulation for diabetes and weight management.
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Microsoft has been working on adding internal and third-party AI models to power Microsoft 365 Copilot.
China's dominance in critical minerals poses supply chain vulnerabilities for India, US, and EU nations, requiring strategic diversification efforts.
India's controversial popcorn tax system sparks outrage and criticism, with opposition questioning the complex GST rates.
ICAI President investigates auditing lapses at Byju's, disciplinary committee probing, details undisclosed, part of ongoing investigations.
Sensex and Nifty rebound sharply after steep decline, driven by value buying, bluechip stocks, and global market rally.
AS-IT-IS Nutrition aims for ₹300 crore GMV in 2025 with ATOM range, endorsed by Ravindra Jadeja.