Gold falls ₹40; silver declines ₹85
The Hindu
In the previous trade, the yellow metal had touched ₹56,880 per 10 grams. Silver also declined ₹85 to ₹68,980 per kilogram
Gold price fell ₹40 to ₹56,840 per 10 grams in the National Capital on January 23 amid a fall in rates of precious metal globally, according to HDFC Securities.
In the previous trade, the yellow metal had touched ₹56,880 per 10 grams. Silver also declined ₹85 to ₹68,980 per kilogram.
"Spot gold prices in the Delhi markets traded at ₹56,840 per 10 grams, down ₹40 per 10 grams," said an analyst at HDFC Securities.
In the overseas market, gold was quoting lower at $1,926 per ounce while silver was flat at $23.88 per ounce.
Comex spot gold price is trading lower by 0.20% at $1,926 per ounce against its previous close, the analyst said.
"Focus this week is squarely on US Q4 GDP and Core PCE data. Growth is expected to have slowed in the fourth quarter from the third, amidst the effects of tighter monetary policy," Navneet Damani, Senior VP – Commodity Research at Motilal Oswal Financial Services, said.
Union Minister Ashwini Vaishnaw launches three initiatives to enhance India's creative economy through AI training, citizen platforms, and advanced tech access.
Two Indian-flagged LPG tankers approach the Strait of Hormuz, navigating safely amidst regional tensions to reach Indian ports.
Gold and silver prices plummet over 7% due to West Asia tensions, inflation fears, and a stronger dollar.
Asian shares fall as rising oil prices and escalating Iran conflict diminish hopes for U.S. interest rate cuts.
Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge
Global equity markets plummet as West Asia tensions rise and oil prices surge, triggering significant investor anxiety.
The rupee hits a record low of 93.94 against the dollar amid foreign fund outflows and a crashing equity market.
The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said
Meta Chief Executive Mark Zuckerberg is building a CEO agent to help him do his job, the Wall Street Journal reported
Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.