Gold price declines Rs 430 to Rs 60,430, silver dips Rs 300 at Rs 76,300
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Gold price fell Rs 430 from yesterday's during Tuesday's early trade with 10 grams of 24-carat gold trading at Rs 60,430, according to the GoodReturns website. Meanwhile, silver prices declined Rs 300, with 1 kg of the precious metal selling at Rs 76,300.
The price of ten grams of 22-carat gold fell by Rs 390 to Rs 55,400.
The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 60,430.
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,580, Rs 60,480, and Rs 61,100, respectively.
The price of ten grams of 22-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 55,400.
The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 55,550, Rs 55,450, and Rs 56,000, respectively.
US gold prices rose on Tuesday after falling more than 1 per cent in the previous session, as the dollar eased while investors awaited this week's US inflation data that could influence the Federal Reserve's monetary policy trajectory.
Spot gold was up 0.2 per cent at $1,994.48 per ounce, as of 0036 GMT. US gold futures rose 0.1 per cent to $1,994.60.
The dollar index was 0.1 per cent lower, making bullion less expensive for other currency holders.
Investors are now awaiting the US consumer price data due on Wednesday for more clarity on the path of rates heading into the Fed's May policy meeting.
A strong US employment report released on Friday raised bets that the US central bank would raise interest rates next month, with markets pricing in a 71.3 per cent chance of a 25 basis-point hike, according to the CME FedWatch tool.
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.25 per cent to 933.22 tonnes on Monday, from 930.91 tonnes on Thursday.
Spot silver inched up 0.1 per cent to $24.91 per ounce, platinum firmed 0.3 per cent to $994.64 and palladium gained 1.3 per cent to $1,429.54.
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Ahead of today's announcement of the Jharkhand Assembly elections, the Jharkhand Mukti Morcha (JMM) on Tuesday alleged that the Election Commission is not acting independently and is under pressure from the BJP.
In Ranchi, JMM leader Manoj Pandey expressed his worries, said, "The election is to be announced today, but BJP leaders got information about it yesterday. This is a very serious matter. Does the commission work at the behest of BJP leaders? It is a serious matter to keep the commission as a puppet."
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Angel One shares have rallied by up to 9 per cent on the BSE in Tuesday’s intraday trade after the company reported a healthy 44 per cent year-on-year (YoY) jump in its consolidated profit after tax (PAT) at Rs 423.4 crore in September quarter (Q2FY25). Total income of the stock broking and allied services company grew 8 per cent YoY at Rs 1,516 crore during the quarter.
Angle One reported continued healthy performance on the back of strong client acquisition (around 3 million customers in Q2FY25), and an increase in client funding book (approximately 25 per cent sequentially).
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Budget carrier SpiceJet on Tuesday said it has successfully settled a $23.39 million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM.
As part of the settlement, all ongoing litigation and disputes between the parties will be withdrawn at appropriate forums, the airline said in a statement.
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Garuda Construction IPO listing today: Garuda Construction and Engineering's shares made a subdued debut on the stock exchanges on Tuesday. The company's shares listed at Rs 103.20 on the BSE, reflecting a premium of 8.63 per cent over the IPO issue price of Rs 95. On the NSE, the shares debuted at a premium of 10.52 per cent at Rs 105.
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The Resident Doctors' Association (RDA) of AIIMS, New Delhi, on Monday wrote an 'urgent' letter to the President of India, requesting immediate intervention in the ongoing hunger strike by doctors in West Bengal.
The hunger strike was sparked by the brutal rape and murder of a fellow resident doctor, on August 9 at Kolkata's RG Kar Medical College and Hospital.
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