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Silver soars to record high, crosses Rs 1.14 lakh per kg mark
Silver soars to record high, crosses Rs 1.14 lakh per kg mark

Hans India

time6 days ago

  • Business
  • Hans India

Silver soars to record high, crosses Rs 1.14 lakh per kg mark

New Delhi: Silver prices continued their upward march, scaling a new all-time high and crossing the Rs1.14 lakh per kg mark. This significant rally comes amid strong global cues and steady demand in the domestic market. The price of silver increased by Rs1,028 to Rs1,14,493 per kilogram on Tuesday, up from Rs1,13,465 the day before, according to the India Bullion and Jewellers Association (IBJA). With this, silver has broken its previous record high of Rs1,13,867 per kg, set on July 14. The futures market is also reflecting the steep increase in silver prices. The silver contract for September 5, delivery on the Multi Commodity Exchange (MCX), increased by 0.39 per cent to Rs1,15,500 per kg, demonstrating traders' and investors' ongoing optimism. 'Looking ahead, US Manufacturing and Services PMI data will be closely tracked for direction. In the near term, gold is expected to remain range-bound with MCX support at Rs98,500 and resistance near Rs1,00,500,' said Jateen Trivedi of LKP Securities. Gold price also saw a significant increase. According to IBJA, the price of 24-carat gold rose by Rs612 to Rs99,508 per 10 grams on Tuesday from Rs98,896 the day before. Similarly, the price of 18-carat gold reached Rs74,631 per 10 grams, while that of 22-carat gold increased to Rs91,149 per 10 grams. Global trends are also contributing to the surge. On the Comex exchange, silver prices rose by 0.27 per cent to $39.44 per ounce, while gold saw a 0.26 per cent increase, trading at $3,415.20 per ounce. Analysts attribute the rising prices to persistent global economic uncertainties, increased industrial demand for silver, and renewed investor interest in precious metals as safe-haven assets.

Ultra Lotto now P223M as no winners of major lotto jackpot draws on Tuesday, July 15
Ultra Lotto now P223M as no winners of major lotto jackpot draws on Tuesday, July 15

GMA Network

time15-07-2025

  • General
  • GMA Network

Ultra Lotto now P223M as no winners of major lotto jackpot draws on Tuesday, July 15

There were no winners of the major jackpot prizes drawn by the Philippine Charity Sweepstakes Office (PCSO) on July 15, 2025. The prize for Ultra Lotto 6/58 was P223,465,859.20. The winning numbers are 22-38-36-08-16-41. For Superlotto 6/49, the winning combination of 08-07-13-23-30-29 would have won the jackpot prize of P26,338,807.20. No one correctly guessed the Lotto 6/42 numbers of 09-15-39-01-42-27 to bring home P43,583,666.20. For more lotto results, check here. — RF, GMA Integrated News

Macquarie Maintains a Buy Rating on Alibaba Group (BABA) With a PT of HK$182.30
Macquarie Maintains a Buy Rating on Alibaba Group (BABA) With a PT of HK$182.30

Yahoo

time30-06-2025

  • Business
  • Yahoo

Macquarie Maintains a Buy Rating on Alibaba Group (BABA) With a PT of HK$182.30

Alibaba Group Holding Limited (NYSE:BABA) is one of the 11 Best Strong Buy Stocks to Invest in Now. In a report released on June 24, Ellie Jiang from Macquarie maintained a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of HK$182.30. An e-commerce platform displaying a wide range of products to customers online. The company reported notable results for the March quarter 2025, with revenue undergoing a 7% year-over-year increase to RMB 236,454 million ($32,584 million). Income from operations also underwent a significant 93% year-over-year increase to RMB28,465 million ($3,923 million). This growth was attributed to a drop in non-cash share-based compensation expenses and an increase in adjusted EBITA. Alibaba Group Holding Limited (NYSE:BABA) manages and provides technology infrastructure and marketing platforms. It operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segment. While we acknowledge the potential of BABA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NS&I announces Premium Bonds change affecting millions of savers
NS&I announces Premium Bonds change affecting millions of savers

Daily Mirror

time24-06-2025

  • Business
  • Daily Mirror

NS&I announces Premium Bonds change affecting millions of savers

Premium Bonds are a savings product where you're entered into a monthly prize draw, instead of getting a guaranteed rate of interest on your money NS&I is reducing its Premium Bonds prize fund rate again from its August 2025 draw. The prize fund rate is being reduced from 3.80% to 3.60%. Premium Bonds are a savings product where you're entered into a monthly prize draw, instead of getting a guaranteed rate of interest on your money. The prize fund rate is the closest thing Premium Bonds has to an interest rate. ‌ The odds of winning a prize from the August 2025 draw will remain at 22,000 to 1, and there will still be two £1million prizes available. ‌ There is expected to be over 6,011,195 prizes with a value of £396,738,700 in the August 2025 draw, versus 5,974,465 prizes with a value of £416,221,075 in the June 2025 draw. Have you won big on Premium Bonds and want to share your story? Let us know by emailing: There will be a larger number of smaller prizes available - for example, the number of £25 prizes is expected to grow from 2,197,831 in June 2025 to 2,569,568 in August 2025. Andrew Westhead, NS&I Retail Director, said: 'This adjustment to the Premium Bonds prize fund rate – the first in four months – reflects the changing landscape for savings. 'Premium Bonds maintain their unique appeal by offering complete security backed by HM Treasury, the flexibility to withdraw easily, and the excitement of potentially winning a tax-free prize each month. ‌ 'The August draw is expected to deliver more than 6 million tax-free prizes worth over £396 million. By making this adjustment now, we're able to continue to balance the interests of savers, taxpayers and the stability of the broader financial services sector.' You get a unique bond number for every £1 invested in Premium Bonds, and the maximum you can have saved is £50,000. Keep in mind that some months, you may not win anything at all. You can use the NS&I online prize checker tool, or the Premium Bonds prize checker app, to see if you've won. If you're a winner, you can have the money paid into their bank account, or reinvest it into new Premium Bonds. ‌ You should be emailed or sent a text message from NS&I if you win. More than 24 million people in the UK have Premium Bonds. It comes after Premium Bond results for June 2025 were confirmed. The first £1million prize went to one Premium Bonds holder in Stockport with the winning bond number 103FE583469. The second £1million prize was given to someone living in Edinburgh with the bond number 352AC359547. Both people held £50,000 in Premium Bonds.

Gold price per tola falls Rs300 in Pakistan
Gold price per tola falls Rs300 in Pakistan

Business Recorder

time23-06-2025

  • Business
  • Business Recorder

Gold price per tola falls Rs300 in Pakistan

Gold prices in Pakistan again decreased on Monday in line with their fall in the international market. In the local market, gold price per tola reached Rs358,165 after a gain of Rs300 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,068 after it declined Rs257. On Saturday, gold price per tola reached Rs358,465 after a gain of Rs1,465 during the day. The international rate of gold also decreased today. The rate was at $3,366 per ounce (with a premium of $20), a fall of $3, as per APGJSA. Meanwhile, silver price per tola increased by Rs14 to reach Rs3,799.

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