Latest news with #MCX
Mint
10 hours ago
- Business
- Mint
Amid soaring gold prices multibagger jewellery stock gives 300% returns to IPO allottees in two years
Khazanchi Jewellers share price has delivered stellar returns since its debut on the Indian stock market. Khazanchi Jewellers is a Chennai-based gold and silver jewelry retailer that was listed in the Small and Medium Enterprises (SME) segment of the BSE in August 2023. The sharp rally in Khazanchi Jewellers share price has coincided with a significant rise in gold prices. Over the past four years, MCX gold rates have more than doubled, offering substantial gains to investors and supporting the performance of jewellery companies. The initial public offering (IPO) of Khazanchi Jewellers opened on July 24, 2023, and closed on July 28, 2023. Khazanchi Jewellers IPO, listed on the BSE SME platform, was entirely a fresh issue of 69.10 lakh equity shares, through which the company raised ₹ 97 crore. Khazanchi Jewellers IPO price band was fixed at ₹ 140 per share. Khazanchi Jewellers shares had a modest stock market debut on August 7, 2023, with the SME stock listing at ₹ 142.30 apiece — just 1.64% above the issue price. The IPO lot size was 1,000 shares, translating to an initial investment of ₹ 1,40,000 per lot. Investors who were allotted shares witnessed limited gains on listing, but the stock has since seen a strong uptrend. As of May 30, 2025, Khazanchi Jewellers share price closed 0.93% lower at ₹ 562.10 apiece on the BSE SME platform. However, the stock has surged over 151% in the past year and hit its 52-week high of ₹ 670.00 on November 28, 2024. From its IPO price of ₹ 140, the stock has appreciated over 301%, turning into a multibagger for early investors. One IPO lot purchased at ₹ 1,40,000 is now valued at ₹ 5,62,100, reflecting the company's robust post-listing performance. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
a day ago
- Business
- Economic Times
Gold Price Prediction: Yellow metal slips by Rs 1,900 in 4 days. Is more downside ahead?
Gold prices have come under pressure due to profit booking, dropping by Rs 1,900 over the last four trading sessions. On Wednesday, gold and silver closed mixed in the domestic market but ended lower internationally. Domestically, Gold June futures rose 0.14% to Rs 95,278 per 10 grams, while Silver July futures fell 0.23% to Rs 97,255 per kilogram. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to trade gold? Gold has support at Rs 94,660-94,200 and resistance at Rs 95,700-96,100 Silver has support at Rs 96,650-96,000 and resistance at Rs 98,000-98,850 Tired of too many ads? Remove Ads Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad Amid fading chances of a rate cut ahead and after the US Court's ruling to remove the reciprocal tariffs, Gold prices have started to witness profit booking, falling by Rs 1,900 in just the last 4 trading sessions. Gold June futures contracts at MCX fell by Rs 778 or 0.81% on Thursday to their day's low of Rs 94,500/10 silver July futures contracts were trading higher at Rs 97,647/kg, up by Rs 392 or 0.4% around 10:15 Wednesday, gold and silver settled on a mixed note in the domestic market, while settling on a weaker note in the international markets. Gold June futures contract settled at Rs 95,278 per 10 grams with a gain of 0.14% while silver July futures contract settled at Rs 97,255 per kilogram with a loss of 0.23%.Gold and silver extended their fall in the international markets amid easing safe-haven buying due to strength in the dollar index and U.S. equity markets. The U.S. Fed shows confidence in the U.S. economy in its meeting minutes released on Wednesday. The U.S. Fed Chairman said that economic activity and job markets remain strong, but showed concern about inflation, and he denied for any immediate policy decline in the precious metals also followed a US Court of International Trade ruling that President Trump exceeded his authority with reciprocal tariffs, ordering their permanent removal. The administration is expected to U.S. President said on Wednesday, for another round of talks with Iran on the nuclear deal and also told the Israeli Prime Minister to hold off strike on US gold exports to Switzerland rose sharply in April after tariffs on precious metals were lifted, affecting global gold trade dynamics.'Fading chances of interest rate cuts and easing tensions in the Middle East could push gold and silver prices lower,' said Manoj Kumar Jain of Prithvifinmart Commodity Research.'We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geo-political tensions and ahead of the key U.S. economic data; gold prices could hold its support level of $3,200 per troy ounce and silver prices could also hold $31.80 per troy ounce levels on a weekly closing basis,' he the US Dollar Index , DXY, was hovering near the 100.25 mark, gaining 0.38 or 0.38%.Manoj Kumar Jain suggested the following ranges for gold and silver on MCX:Jain suggests selling gold below Rs 95,000 with a stop loss of Rs 95,550 for a target of Rs 94, gold (22 carat) prices in Delhi stand at Rs 58,120/8 grams while pure gold (24 carat) prices stand at Rs 61,936/8 gold (22 carat) prices in Mumbai stand at Rs 57,240/8 grams while pure gold (24 carat) prices stand at Rs 61,048/8 gold (22 carat) prices in Chennai stand at Rs 56,752/8 grams while pure gold (24 carat) prices stand at Rs 60,520/8 gold (22 carat) prices in Hyderabad stand at Rs 56,920/8 grams while pure gold (24 carat) prices stand at Rs 60,712/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
2 days ago
- Business
- Business Standard
MCX, Firstsource shares can zoom over 30%, hit new life-time highs: charts
Technical Alert: MCX and Firstsource Solutions stocks have witnessed formation of 'Golden Cross' on the daily chart; and hence are likely to log gains in the coming period. Rex Cano Mumbai Listen to This Article Shares of Multi Commodity Exchange of India (MCX) and Firstsource Solutions (FSL) were seen trading on a divergent note in trades on Friday, May 30, 2025 on the NSE. MCX stock was up nearly a per cent around ₹6,624 levels, while FSL share price slipped 3.5 per cent to ₹381 levels. Technical charts, however, flag a positive development for both MCX and FSL stocks. The daily charts show formation of the 'Golden Cross' pattern also commonly referred to as 'Golden Crossover'. The term 'Golden Cross' or 'Golden Crossover' means that the short-term - 50-Day Moving Average (50-DMA)
Economic Times
2 days ago
- Business
- Economic Times
Gold price prediction: Gold bulls eye Rs 1.10 lakh/10 gms. Should you accumulate?
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 95,000-94,600 and resistance at Rs 95,800-96,160 Silver has support at Rs 97,100-96,600 and resistance at Rs 98,300-99,100 Tired of too many ads? Remove Ads Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion's safe-haven appeal in the previous ongoing price swings, analysts remain bullish on gold, projecting it could rally to Rs 1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 95,389 per 10 grams with a gain of 0.12% and silver July futures contract settled at Rs 97,826 per kilogram with a gain of 0.59%.Meanwhile, on Friday, silver July futures contracts at MCX also opened lower by Rs 884 or 0.9% at Rs 96,942/ and silver showed very high price volatility on Thursday. Gold prices were sharply down after the U.S. Federal court blocked Trump's tariff plan, but prices recovered from their lows after the U.S. President said that he would appeal against the court dollar index also plunged, and the U.S. jobless claims increased larger than expected and supported precious metal prices. The dollar index hit 100 marks in the early trading session but was unable to sustain at higher levels and plunged the US Dollar Index, DXY, was hovering near the 99.44 mark, gaining 0.16 or 0.16%.The U.S. jobless claims increased last week to 2,40,000 against expectations of 2,29000. The preliminary GDP data is also showing contraction in the economic growth and supporting precious metal prices.'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index, geo-political tensions and ahead of the key U.S. economic data; gold prices could hold its support level of $3,250 per troy ounce and silver prices could also hold $32.80 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity suggests buying silver around Rs 97,200-96,800 with a stop loss of Rs 96,400 for a target of Rs 98, an investor's perspective, a report by Angel One suggests that despite all the volatility, gold has historically paid good returns, and one should make investments in gold from a long-term perspective.'From a year perspective, $4000/ounce in the international markets and Rs1,10,000/10 gm in the Indian markets looks very much likely,' they that, they advise that one should wait for meaningful correction towards Rs 85,000/10 gms for gold (22 carat) prices in Delhi stand at Rs 57,800/8 grams while pure gold (24 carat) prices stand at Rs 61,584/8 gold (22 carat) prices in Mumbai stand at Rs 57,464/8 grams while pure gold (24 carat) prices stand at Rs 61,256/8 gold (22 carat) prices in Chennai stand at Rs 56,816/8 grams while pure gold (24 carat) prices stand at Rs 60,504/8 gold (22 carat) prices in Hyderabad stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,760/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
Gold price prediction: Gold bulls eye Rs 1.10 lakh/10 gms. Should you accumulate?
Gold price today: Despite high volatility, analysts expect gold prices to surge to ₹1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads How to trade gold? Manoj Kumar Jain suggested the following ranges for gold and silver on MCX: Gold has support at Rs 95,000-94,600 and resistance at Rs 95,800-96,160 Silver has support at Rs 97,100-96,600 and resistance at Rs 98,300-99,100 Tired of too many ads? Remove Ads Gold rates in physical markets Gold Price today in Delhi Gold Price today in Mumbai Gold Price today in Chennai Gold Price today in Hyderabad Investors booked profits in gold amid volatility linked to Trump-era tariff concerns, with June gold futures on the MCX opening lower by Rs 592, or 0.62%, at Rs 94,797 per 10 grams on Friday. This came despite preliminary GDP data showing a contraction, which had boosted bullion's safe-haven appeal in the previous ongoing price swings, analysts remain bullish on gold, projecting it could rally to Rs 1,10,000 per 10 grams within a year, citing its historical track record of delivering strong returns to Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 95,389 per 10 grams with a gain of 0.12% and silver July futures contract settled at Rs 97,826 per kilogram with a gain of 0.59%.Meanwhile, on Friday, silver July futures contracts at MCX also opened lower by Rs 884 or 0.9% at Rs 96,942/ and silver showed very high price volatility on Thursday. Gold prices were sharply down after the U.S. Federal court blocked Trump's tariff plan, but prices recovered from their lows after the U.S. President said that he would appeal against the court dollar index also plunged, and the U.S. jobless claims increased larger than expected and supported precious metal prices. The dollar index hit 100 marks in the early trading session but was unable to sustain at higher levels and plunged the US Dollar Index, DXY, was hovering near the 99.44 mark, gaining 0.16 or 0.16%.The U.S. jobless claims increased last week to 2,40,000 against expectations of 2,29000. The preliminary GDP data is also showing contraction in the economic growth and supporting precious metal prices.'We expect gold and silver prices to remain volatile in today's session amid volatility in the dollar index, geo-political tensions and ahead of the key U.S. economic data; gold prices could hold its support level of $3,250 per troy ounce and silver prices could also hold $32.80 per troy ounce levels on a weekly closing basis,' said Manoj Kumar Jain of Prithvifinmart Commodity suggests buying silver around Rs 97,200-96,800 with a stop loss of Rs 96,400 for a target of Rs 98, an investor's perspective, a report by Angel One suggests that despite all the volatility, gold has historically paid good returns, and one should make investments in gold from a long-term perspective.'From a year perspective, $4000/ounce in the international markets and Rs1,10,000/10 gm in the Indian markets looks very much likely,' they that, they advise that one should wait for meaningful correction towards Rs 85,000/10 gms for gold (22 carat) prices in Delhi stand at Rs 57,800/8 grams while pure gold (24 carat) prices stand at Rs 61,584/8 gold (22 carat) prices in Mumbai stand at Rs 57,464/8 grams while pure gold (24 carat) prices stand at Rs 61,256/8 gold (22 carat) prices in Chennai stand at Rs 56,816/8 grams while pure gold (24 carat) prices stand at Rs 60,504/8 gold (22 carat) prices in Hyderabad stand at Rs 56,984/8 grams while pure gold (24 carat) prices stand at Rs 60,760/8 grams.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
