Gold falls Rs 136; silver declines Rs 346
In the previous trade, the precious metal had closed at Rs 48,949 per 10 gram.
By Press Trust of India | Posted by Shivani Kumar
UPDATED ON DEC 04, 2020 03:47 PM IST
Gold prices fell Rs 136 to Rs 48,813 per 10 gram in the national capital on Friday amid a rupee appreciation and choppy global precious metal prices, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 48,949 per 10 gram.
The rupee appreciated by 16 paise to 73.77 against the US dollar in the opening session on Friday.
Silver also declined Rs 346 to Rs 63,343 per kg, from Rs 63,689 per kg in the previous day.
In the international market, gold was trading with marginal gains at USD 1,842 per ounce and silver was flat at USD 24.20 per ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices continued upside as dollar decline boosted buying in precious metals. The renewed stimulus hopes have pushed dollar down supporting buying in bullion prices.”
Gadkari says govt to bring law to ensure MSME dues are paid within 45 days
ANI, New Delhi
PUBLISHED ON JAN 21, 2021 11:16 AM IST
Union Minister of Micro, Small and Medium Enterprises Nitin Gadkari on Wednesday highlighted that delayed payments are hurting the sector.
Rupee gains 7 paise to trade near 5-month high of 72.98 vs USD
PTI, Mumbai
PUBLISHED ON JAN 21, 2021 10:50 AM IST
Brent crude futures, the global oil benchmark, rose 0.36 per cent to USD 55.89 per barrel.
Govt to earn ₹1,544 cr from Indian Railway Finance Corporation IPO
PTI, New Delhi
UPDATED ON JAN 21, 2021 09:48 AM IST
The IPO of IRFC closed on Wednesday with an enthusiastic response from investors in all the categories
Sensex scales 50,000; Reliance gains on nod for Future deal
Reuters, Bengaluru
UPDATED ON JAN 21, 2021 10:34 AM IST
Investor sentiment was also boosted with global equity benchmarks hitting record highs on Wednesday on expectations of further US stimulus from newly inaugurated US President Joe Biden's administration.
Govt considering Customs amnesty scheme to resolve legacy disputes
By Rajeev Jayaswal
UPDATED ON JAN 21, 2021 09:10 AM IST
It is one of the demands of the industry to give businesses a chance to resolve past disputes related to customs in line with other two schemes, Sabka Vishwas and Vivad se Vishwas
Inflation based on CPI for farm, rural labourers eases in December
ANI, New Delhi
PUBLISHED ON JAN 21, 2021 07:55 AM IST
The release said amongst states, the maximum decrease in the Consumer Price Index Numbers for agricultural labourers and rural labourers was experienced by Gujarat and West Bengal
Govt considering a customs amnesty scheme to resolve legacy disputes
By Rajeev Jayaswal
UPDATED ON JAN 21, 2021 11:40 AM IST
Industry has been demanding that they be given a chance to resolve past disputes related to customs in line with the two schemes. The government is actively considering the demand, the people cited above added.
‘Govt spending, private sector incentives crucial’
PUBLISHED ON JAN 21, 2021 07:48 AM IST
Sumit Jalan, an investment banker, and managing director and co-head of India investment banking and capital markets at Credit Suisse Securities (India), assessed that 30% to 40% of existing business models were deeply impacted by the Covid-19 pandemic.
India's power demand surges to record high
ANI, New Delhi
PUBLISHED ON JAN 21, 2021 07:08 AM IST
The demand (and supply) of power in January (upto January 19, 2021) has grown by 8 per cent as compared to the corresponding period last year, Union power minister RK Singh said.
Analysis: Jack Ma's reappearance fails to soothe all investor concerns
Reuters, New York/boston
PUBLISHED ON JAN 21, 2021 06:44 AM IST
Uncertainty about Alibaba has hurt the stock, which remains below levels prior to the cancellation of the Ant IPO.
Need focus on removing obstacles to ‘good’ jobs
By hindustantimes.com
PUBLISHED ON JAN 21, 2021 04:25 AM IST
As businesses struggled to stay afloat, the government announced a number of measures targeted towards the so-called Micro, Small and Medium Enterprises (MSMEs). Many of these measures, part of the Atmanirbhar Bharat Abhiyan package, are aimed at easing financial constraints faced by businesses.
Wall Street hits records as hopes build for more stimulus
AP
UPDATED ON JAN 21, 2021 04:13 AM IST
The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The Dow Jones Industrial Average, Nasdaq composite and Russell 2000 index of smaller companies also notched record highs, powered by gains in technology, communications, health care and most other sectors.
US stocks near records ahead of Biden inauguration
AP
PUBLISHED ON JAN 20, 2021 08:34 PM IST
Joe Biden will take the oath of office to become US president later in the day, and he has a flurry of executive actions at the ready.
Latest payroll data says new enrollments to EPFO slips to 10.11 lakh in Nov 2020
PTI, New Delhi
PUBLISHED ON JAN 20, 2021 08:13 PM IST
Provisional payroll data released by the Employees' Provident Fund Organisation (EPFO) last month had shown that net new enrolments were at 11.54 lakh in October 2020.
Sensex ends at record high of 49,792, Nifty at 14,644
PTI, Mumbai
UPDATED ON JAN 20, 2021 04:22 PM IST
World stocks advanced on Wednesday after US Treasury Secretary nominee Janet Yellen called for a hefty stimulus to protect the US economy.