Latest News
-
25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Gold gives up the rally, steadies on Friday
International spot gold was seen trading in the range of US $1,744 - $1, 745 an ounce.
Gold advanced on Wednesday and Thursday after the news came that world's major central banks have decided to support euro zone by providing cheaper dollar loans to European banks to stem debt crisis. But the news couldn't sustain euphoria among the investors.
Investors are hoping that US will come out with better-than-expected non-farm payroll job data, which could again drive dollar up and gold down.
Back to India, the gold has lost its charm among the physical buyers due to its 'pricey' tag after the end of festive season. Physical demand may pick up in India once the prices correct a bit.
On the Multi Commodity Exchange, December gold contract seen steady at Rs 28,952 per 10 grams at 12:20 pm IST. It opened at Rs 28,968 per 10 grams.
Metal for February contract opened at Rs 29,187 per 10 grams and was trading in the range of Rs 29,204 – Rs 29,205 per 10 grams.
GoodReturns.in
