Latest News
-
Tech Mahindra Q4 Results: Cons PAT Declines 41% YoY To Rs 661 Crore; Exits FY24 In Red -
1:5 Split Soon: Multibagger PSU Bank To Consider Dividend Too, Buy For TP Rs 650: Motilal Oswal -
Gold Price In US: Yellow Metal Rates Hold Steady Amidst Easing Middle East Tensions; GDP Data Awaited -
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit
India gold back to Rs 28,000-mark
The most-active gold for December delivery contract opened high at Rs 27,922 per 10 grams, touched highs of Rs 27,998 per 10 grams and was seen trading in the range of Rs 27,952 – Rs 27,954 per 10 grams at 11:05 am IST.
While the metal for February contract delivery was seen trading above Rs 28,000 per 10 grams, in the range of Rs 28,261 – 28,265 per 10 grams.
Domestic stock market seen rising on Friday tailing its Asian peers, following which rupee went up against a greenback.
Stronger rupee also attracted physical buyers in cue, as when dollar goes down, it becomes inexpensive for dealers to build up stocks of gold as the landed cost of yellow metal comes down.
Physical buying is also strong due to ongoing wedding season, as November-December marks for the most auspicious month for weddings.
Overseas gold prices seem to be in the range of US $1,762 - $1,763 an ounce. While on domestic front, 24-carat gold was seen at around Rs 28,030 per 10 grams and 22-carat gold at Rs 26,210 per 10 grams.
GoodReturns.in
