Gold price falls Rs 550 to Rs 61,850, silver dips Rs 300 to Rs 75,300
.webp)
The price of 24-carat gold fell Rs 550 in early trade on Wednesday, with ten grams of the precious metal selling for Rs 61,850, according to the GoodReturns website. The price of silver dipped Rs 300, with one kilogram of the precious metal selling at Rs 75,300.
The price of 22-carat gold declined Rs 500, with the yellow metal selling at Rs 56,700.
In Mumbai, the price of ten grams of 24-carat gold is in line with prices in Kolkata and Hyderabad, at Rs 61,850.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold differs, standing at Rs 62,000, Rs 61,850, and Rs 62,350, respectively.
The price of ten grams of 22-carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 56,700.
In Delhi, Bengaluru, and Chennai, 22-carat gold is selling at Rs 56,850, Rs 56,700, and Rs 57,150, respectively.
US gold prices started November lower on Wednesday as cautious investors awaited Federal Reserve's policy decision, after the Middle-East worries led to a strong safe-haven rally last month and pushed prices above $2,000.
Spot gold fell 0.2 per cent to $1,979.71 per ounce by 0125 GMT and US gold futures dropped 0.3 per cent to $1,988.70.
Spot gold posted a 7.3 per cent jump in October after prices accelerated over the $2,000 threshold last week from their lowest in seven months at $1,809.50 on Oct. 6, a day before Hamas' attack on Israel.
Gold prices near record highs could dampen demand in India during the peak festival season and lead to the lowest purchase volumes in three years, the World Gold Council (WGC) said on Tuesday.
Spot silver dropped 0.8 per cent to $22.71 per ounce, platinum slipped 0.5 per cent to $929.46 and palladium rose 0.6 per cent to $1,122.09.
In Delhi and Mumbai, one kilogram of silver is currently trading at Rs 75,300.
In Chennai, one kilogram of silver is trading at Rs 78,200.
Other Latest News
.webp)
After Haryana, the BJP would also sweep the upcoming assembly elections in Maharashtra and Jharkhand, BJP president J P Nadda asserted on Friday.
Nadda, who paid obeisance at the Shri Naina Devi temple here, said the people were happy with the performance of the BJP government at the Centre led by Prime Minister Narendra Modi.
.webp)
Noel Tata, half-brother of the late Ratan Tata, has been unanimously elected as the chairman of Tata Trusts following the passing of the legendary industrialist Ratan Tata, CNBC-TV18 reported on Friday. Noel Tata is already a key trustee of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. He will now lead the trusts that hold a controlling stake in Tata Sons, the primary holding company of the Tata Group.
The move has long been anticipated, given Noel Tata’s close involvement with Tata Trusts and his extensive experience within the conglomerate.
.webp)
After the Haryana poll debacle, Congress MP and LoP Rahul Gandhi attended the review meeting called by party president Mallikarjun Kharge at his residence in Delhi. Among those present were the party's Haryana observers Ashok Gehlot, Ajay Maken, Deepak Babaria and KC Venugopal.
Sources said that the Congress MP remained largely quite, but when his turn came, he observed two things; one being that Electronic Voting Machines (EVM) and the Election Commission of India (EC) "have much to answer" and another was that "the local leaders were more interested in their own progress than that of the party", leaving a loud silence in the room.
.webp)
Former US President Donald Trump, who is campaigning for another term in the White House, promised to introduce a system of "reciprocal tariffs" if re-elected. In an economic policy speech in Detroit on Thursday, the Republican candidate singled out India, claiming it imposes some of the highest tariffs on foreign goods among major global economies.
This is not the first time Trump has criticised India for its tariffs. Just last month, he called the nation a "big abuser" of US trade relations.
.webp)
Tamil Nadu Chief Minister M K Stalin has announced a bonus and ex-gratia for 2.75 lakh employees of state public sector undertakings and statutory boards for the 2023-24 fiscal.
Accordingly, all eligible workers of profit making PSUs under group C and D will be paid a minimum bonus of Rs 8,400 and a maximum of Rs 16,800, amounting to 8.33 per cent bonus and an ex-gratia of 11.67 per cent, an official release here said.
.webp)
.webp)
.webp)
.webp)
.webp)
