Live
- Altercation at Madiwala Market Over Shop Setup
- More Americans to travel during Thanksgiving holiday: report
- China maintains yellow alerts for blizzards, cold waves
- Japan's Yamanashi plans to raise entry fee for Mount Fuji climbers
- Convert those starts: Hemp wants Bangladesh batters to score big in second Test vs West Indies
- OpenAI signs 1st MoU in South Korea to foster AI ecosystem
- Fire breaks out during rocket test at Japan's space centre
- Nigerian military kills more suspected terrorists in Lake Chad Basin airstrikes
- NABL signs pact for on-site testing of materials in construction projects
- Cantonment MLA Sri Ganesh Advocates for New RTO Office Amid Road Expansion Concerns
Gold continues to lose its sheen
If the trade-talks between the US and China result into lowering of tariff on some articles, which seems to be a possibility, the yellow metal can be expected to regain its shine
Hyderabad: If the trade-talks between the US and China result into lowering of tariff on some articles, which seems to be a possibility, the yellow metal can be expected to regain its shine.
During the week ended Saturday, Silver closed at $15.14. Other economic parameters were firm. Brent Crude further recovered from the previous week's closing mark and closed at $ 67.55 (per barrel).
Platinum and Palladium closed at Rs.25,290 (per 10 gms) and Rs 30,731 respectively. Crude MCX and Copper closed at 4,185 and 451.50. Gold MCX stood at Rs 31,734 (per 10 gms) and Silver MCX at Rs 337,761 (per kg).
Sensex and Nifty 50 closed at 38,672.91 and 11,623.90 points respectively. NY Mex closed at 60.18. Similarly, $ and British Pound closed at Rs 69.15 and Rs 90.58 respectively.
At home, amidst sluggish demand both the yellow and white metals recorded further losses. Standard gold (24 carats) declined by Rs 450 and closed at Rs 31,700 (per 10 gms).
Ornamental gold too, moved in tandem and was quoted in the range of Rs 30,100-30,200 on the closing day. Silver (0.999) too, recorded a decline of Rs 600 and closed at Rs 37,700 (per kg).
