After rising for the third straight day, gold prices on Friday, today, eased from a three-month high by falling Rs 85 to Rs 27,050 per 10 grams at the bullion market, reflecting weak global cues amid a decline in demand from jewellers..
After rising for the third straight day, gold prices on Friday, today, eased from a three-month high by falling Rs 85 to Rs 27,050 per 10 grams at the bullion market, reflecting weak global cues amid a decline in demand from jewellers.
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The Indian equity markets' stellar rally on the back of the government's corporate tax break announcement was broken on Wednesday as the key indices opened in red on the back of weak global cues. At 09:18 am, the BSE S&P Sensex was down by 200 points at 38,897 while the Nifty 50 down by 54 points at 11,533.
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Watch Sensex sheds 250 points on weak global cues; Nifty slips below 11,550 With HD Quality
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Domestic stocks declined in the early trade amid weak global cues. Market benchmark BSE Sensex was down by 100 points or 0.25 per cent at 38,724.25 while the broader NSE Nifty slipped by 31.10 points or 0.27 per cent to 11,481.30.
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Watch Sensex sheds 100 points on weak global cues, Nifty slips below 11,500 With HD Quality
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The BSE benchmark Sensex plunged over 300 points in opening trade on Thursday amid subdued global cues. Likewise, the NSE gauge Nifty too dropped over 85 points to slip below the psychological 11,300-level. At 9.18 AM, the BSE Sensex was trading at 38,004.68, lower by 300.73 points or 0.80 per cent from the previous close of 38,305.41 points. It has touched an intra-day high of 38,873.12 and a low of 38,584.18 points. The Nifty50 on the National Stock Exchange was trading at 11,274.80 points, lower by 85.10 points or 0.75 per cent from its previous close.
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Watch Sensex drops 300 pts on weak global cues, Nifty slips below 11,300; YES Bank surges 19% With HD Quality
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Sensex drops 50 points, struggles during early trading
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Watch Sensex slips 50 points, Nifty tests 11,900 amid weak global cues With HD Quality
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Gold prices rose Rs 120 to trade at over two-month high of Rs 26,450 per 10 gram at the bullion market today, tracking a firm trend in global market amid a pick up in buying at the domestic spot markets by jewellers.
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Gold prices fall Rs 86 to Rs 29,505 per 10 grams in futures trade on Thursday trade as participants reduced their positions, largely in line with a weak trend overseas.
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Gold, silver rebound on renewed demand, global cues News video
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Gold prices have surged by Rs 310 to Rs 31280 per ten grams at the bullion market on Wednesday today. Globally, gold rose 1.1 per cent to USD 1,355.41 an ounce and silver by 1.9 per cent to USD 20.19 an ounce in Singapore. Silver too regained Rs 1,050 to Rs 47,350 per kg on increased offtake by industrial units and coin makers. Silver ready prices went up by a whopping Rs 1,050 to Rs 47,350 per kg and weekly-based delivery by Rs 1,035 to Rs 47,160 per kg. Silver coins also surged by Rs 1,000 to Rs 76,000 for buying and Rs 77,000 for selling of 100 pieces.
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