Gold, Silver prices today: Precious metals witness marginal jump on MCX| Check latest rates

HIGHLIGHTS Gold stands at Rs 47,299 per 10 grams on the MCX. Silver futures maturing on December 3 are trading at Rs 63,776 per kg. Internationally, gold prices were underpinned by a subdued dollar. On August 31, 2021, both gold and silver are trading on the higher side of the Multi Commodity Exchange(MCX). Witnessing…

Petrol, diesel rates unchanged as global oil prices remain volatile. Check details

Fuel prices were unchanged on Tuesday as state-run oil marketing companies (OMCs) decided to keep watch over volatile international crude oil rates. Petrol and diesel prices have not been changed for over a week after a minor reduction in rates. International crude oil prices fell slightly after damage from Hurricane…

Sensex crosses 57,000 for 1st time on tech boost; GDP data awaited

Indian shares hit record highs for a second straight session on Tuesday, boosted by technology stocks and telecom firm Bharti Airtel, with investors focusing on economic growth data due later in the day. The blue-chip NSE Nifty 50 index was up 0.18% at 16,960.75 by 9:17 am and the benchmark S&P BSE Sensex rose…

Global container shortage poses fresh export hurdle for India

Aglobal shortage in shipping containers could slow down Indian exports after a sharp recovery earlier this year. A wide range of exported items across various industries could be hit due to the container shortage that has resulted in record freight rates. The global container shortage is a result of congestions at…

Sebi’s new peak margin norms: How it will impact traders from September 1

Stock market trade is likely to witness a drastic shift from Wednesday as market regulator Securities and Exchange Board of India’s (Sebi) new margin rules will come into effect. Under the peak margin rule, which has received criticism from many market participants, traders are required to give 100 per cent margin…

Cryptocurrency prices today: Bitcoin, Ether lose momentum as virtual coin market remains volatile

Popular cryptocurrency prices lost momentum on Monday after rebounding throughout the weekend. At the moment, trends in the broader crypto market remain mixed as trading momentum remains weak. Bitcoin, the world’s most popular cryptocurrency, fell marginally today after rebounding during the weekend. Bitcoin was…

Explained: Why India’s strong GDP recovery in Q1FY22 may be deceptive

Official data set to release Tuesday is likely to show that India’s gross domestic product (GDP) grew at a record pace in Q1FY22. If the June quarter GDP is in line with expectations, it would mark the best quarterly growth since such data was maintained. A recent poll of economists suggests that India’s GDP grew…

Ami Organics IPO: Check price band, GMP and other key details

The initial public offering (IPO) Surat-based speciality chemical manufacturer Ami Organics Limited will open for subscription on September 1. The Rs 570 crore IPO will remain open for subscription till September 3. While brokerages are yet to come out with their reports on the special chemical manufacturer’s IPO,…

Fuel prices unchanged as international crude oil gains momentum. Check latest rates

Domestic fuel prices were unchanged on Monday as global crude oil rates kept rising as demand sentiment improves. State-run oil marketing companies (OMCs) had last reduced fuel prices early last week, following which there has been a steady rise in international crude oil prices. The price of benchmark Brent crude oil…

Sensex at record high after gaining 400 points, Nifty tops 16,800 for 1st time

Indian shares jumped to record highs on Monday, boosted by automaker and metal stocks, while broader Asian peers’ rise on Federal Reserve Chair Jerome Powell’s speech last week also aided gains. The blue-chip NSE Nifty 50 index was up 0.67% at 16,817.40 by 9:22 am and headed for its sixth straight session…