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Economic Times
42 minutes ago
- Economic Times
US stocks open flat as chip stocks dip on China sales deal
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Time of India
an hour ago
- Time of India
Gold retreats from all-time high, ends Rs 900 lower at Rs 1,02,520/10g
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Snapping a five-day rally, gold prices retreated from record high levels and ended Rs 900 lower at Rs 1,02,520 per 10 grams in the national capital on Monday as stockists turned to selling amid easing geopolitical to the All India Sarafa Association, the precious metal of 99.9 per cent purity had climbed Rs 800 to hit a record peak of Rs 1,03,420 per 10 grams on of 99.5 per cent purity, which also reached the peak of Rs 1,03,000 per 10 grams in the preceding session, declined Rs 900 to Rs 1,02,100 per 10 grams (inclusive of all taxes) on the five sessions until Friday, the yellow metal prices have increased by Rs 5,800 per 10 grams."Gold resumes trading on a weaker note as the upbeat market mood diminishes demand for traditional safe-haven assets."Additionally, a de-escalation in geopolitical tensions, as President Donald Trump agreed to meet Russian President Vladimir Putin in Alaska, later this week to discuss peace efforts surrounding the Russia-Ukraine conflict," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, the clarification from the White House regarding a 39 per cent tariff on gold bars exerted downward pressure on gold prices, Gandhi to the All India Sarafa Association, silver prices depreciated by Rs 1,000 to Rs 1,14,000 per kilogram (inclusive of all taxes) on Monday. The white metal had ended at Rs 1,15,000 per kg on prices had added Rs 5,500 per kg in the preceding five days till the global market, spot gold fell by USD 40.61 or 1.19 per cent to trade at USD 3,358.17 per ounce in New the multi commodity exchange, gold futures for October contract depreciated Rs 1,280 or 1.26 per cent to trade at Rs 1,00,518 per 10 grams."Gold slipped more than 1 per cent, largely erasing last week's gains as markets await clarification after the Trump administration on Friday called reports of tariffs on gold and other specialty products 'misinformation'," Kaynat Chainwala, AVP of Commodity Research at Kotak Securities, silver slipped 1.39 per cent to trade at USD 37.81 per Mallya, DVP-Research, Non-Agri Commodities and Currencies at Angel One, said, "The tariff situation has caused chaos across the global world order and if it escalates then traders might see further rally in gold prices in the international markets to move higher towards USD 3,800 per ounce-mark while MCX futures will move higher towards Rs 1,10,000 per 10 grams mark from a three month perspective."
Business Standard
an hour ago
- Business Standard
Quick Wrap: Nifty PSU Bank Index records a surge of 2.20%
Nifty PSU Bank index ended up 2.20% at 7032.7 today. The index has added 0.00% over last one month. Among the constituents, Indian Bank jumped 3.56%, Union Bank of India rose 2.90% and Punjab National Bank gained 2.49%. The Nifty PSU Bank index has increased 1.00% over last one year compared to the 0.89% spike in benchmark Nifty 50 index. In other indices, Nifty Realty index increased 1.86% and Nifty Infrastructure index increased 1.11% on the day. In broad markets, the Nifty 50 witnessed a rise of 0.91% to close at 24585.05 while the SENSEX witnessed a rise of 0.93% to close at 80604.08 today.
