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January 11, 2023 New Delhi, India Senco Gold Q3 Senco Gold, the renowned jewelry retail player with over five decades of history, is making waves in the market with its stellar performance in Q3FY24. The company’s shares soared over 15%, reaching a fresh lifetime high of ₹850 apiece. Stellar Financial Performance In a recent business…
January 9, 2023 New Delhi, India Oil Prices Oil markets are finding stability following recent fluctuations, with Brent crude futures rising by 0.2% to $76.30 a barrel, and US West Texas Intermediate crude futures inching up by 0.1% to $70.83 a barrel. Middle East Tensions and OPEC Output: Monday witnessed a significant drop in oil…
Gold Market In a recent turn of events, the Gold market saw a pullback from the $2,070 level as markets entered the holiday season. The retracement came after a surge driven by investor anticipation of faster and more frequent Federal Reserve (Fed) rate cuts. Let’s break down the key factors influencing this shift. Fed’s Dilemma:…
December 13, 2023 New Delhi, India Sovereign Gold Bond Schemes 2023-24 In a recent announcement, the Reserve Bank of India (RBI) has unveiled the details of the Sovereign Gold Bond (SGB) Schemes for the financial year 2023-24, offering investors valuable opportunities for gold-backed investments. Series III Subscription Details: The subscription window for Series III is…
November 1, 2023 New Delhi, India Gold Price Recovers Ahead of Fed Meeting The gold market saw a fluctuating trend this week, recovering from its recent dip to a weekly low amidst significant market factors. Gold Price Movement Amidst Market Factors The price of gold experienced a dip earlier in the week, touching a weekly…
October 3, 2023 New Delhi, India Gold’s Decline Continues In a continuation of its bearish trend, gold prices extended their losing streak for the seventh consecutive session on Tuesday, a decline not seen since August 2022. Spot gold dropped 0.6% to $1,817.00 per ounce, reaching its lowest point since March 9, while U.S. gold futures…
Today, we’ll be examining a recent event in the world of finance, specifically focusing on the gold market and how it is affected by various factors such as the US dollar and inflation data. Date: July 11, 2023 Place: New Delhi, India To begin with, let’s understand the event that occurred recently. On Tuesday, gold…
Global stocks remained steady on Tuesday as investors carefully assessed the impact of rising oil prices on inflation and monitored central banks’ stance on monetary policy amidst concerns about a potential recession. Date: July 04, 2023 Place: New Delhi, India While MSCI’s broadest index of world stocks showed minimal movement, Europe’s Stoxx 600 share index…
Date- May 30, 2023 The gold price has experienced a significant decline, reaching a two-month low at the beginning of the week. This drop can be attributed to the diminishing concerns surrounding the US debt ceiling, coinciding with rising US yields. Over the past few weeks, Treasury yields have been steadily climbing across the curve….
On Wednesday, gold prices went up a little bit as the dollar went down. Investors are keeping an eye on important US consumer price index data that will be released later today for clues about how close interest rates are to reaching their peak. In India, the price of gold kept going up. At 1:12,…
