Gold jumps ₹434; silver rallies by ₹918
The Hindu
In the international market, gold was trading higher at $1,852 per ounce.
Gold in the national capital on Thursday jumped ₹434 to ₹50,887 per 10 grams, supported by rally in the yellow metal prices in the international markets along with rupee depreciation, according to HDFC securities.
In the previous trade, the precious metal finished at ₹50,453 per 10 grams.
Silver also rallied by ₹918 to ₹61,776 per kg from ₹60,858 per kg in the previous trade.
The rupee depreciated by 10 paise to close at 77.60 (provisional) against the U.S. dollar on Thursday.
In the international market, gold was trading higher at $1,852 per ounce and silver also traded marginally up at $22 per ounce.
"Gold prices traded firm with spot gold prices at COMEX trading 0.32% up at $1,852 per ounce on Thursday. Gold prices traded up witnessing recovery on weaker dollar," said Tapan Patel, Senior Analyst (Commodities) at HDFC securities.
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.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say