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Investment Opportunity In Gold and Silver on Dhanteras Demand for bullion is expected to pick up ahead of upcoming festivals in India such as Dhanteras and Diwali, when gold is traditionally given as a gift. Gold prices eased at the domestic bullion market here ahead of Dhanteras festival, while silver too turned weak owing to lower demand from consuming industries.
Spot gold was little changed at USD 1,268.31 per ounce at 0111 GMT. The safe-haven asset is up about 0.2 percent so far this week.
GET FREE TRIAL CALL: +91-7415033556 Commodity Tips Standard gold (99.5 purity) declined by Rs 50 to close at Rs 30,060 per 10 grams from Wednesday's closing level of Rs 30,110. Pure gold (99.9 purity) also went down by a similar margin to finish at Rs 30,210 per 10 grams as against Rs 30,260 previously. Silver (.999 fineness) to moved down by Rs 10 to conclude at Rs 43,090 per kg from Rs 43,100 previously. Free MCX Tips: Globally, gold rose marginally, on track to end the week barely changed as the market waited for more signs about the timing of an expected US interest rate rise from the Federal Reserve. Silver was up 0.6 per cent at $17.69 an ounce.
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Q2 Profit Bajaj Auto Q2 profit seen up 9%, weak volume may impact revenue Tech Mahindra Q2 profit down 19%, constant currency growth at 5% Indian ADRs ended mostly higher on Thursday. In the banking space, ICICI Bank added 0.24 percent at USD 8.42 and HDFC Bank gained 1.50 percent at USD 70.59. In the IT space, Infosys shed 1.66 percent at USD 15.36 and Wipro was down 1.36 percent at USD 9.45. In the other sectors, Tata Motors rose 0.36 percent at USD 39.04 and Dr Reddy’s Laboratories rose 1.67 percent at USD 49.37. The Indian rupee opened marginally lower at 66.89 per dollar on Friday against previous close 66.86. Free Nifty Future Tips: Nifty starts Nov series below 8600; Tech Mah up 6% on Q2 nos
GET FREE TRIAL CALL: +91-7415033556 The market has opened lower as the Sensex is down 82.48 points or 0.3 percent at 27833.42. The Nifty is down 18.60 points or 0.2 percent at 8596.65. About 557 shares have advanced, 268 shares declined, and 48 shares are unchanged. ONGC, Tata Motors, Maruti, Hero and Axis Bank are top gainers while HDFC, ICICI Bank, GAIL, Asian Paints and Bharti Airtel are losers in the Sensex.