Gold prices were steady, helped by a slightly weaker dollar as investors looked forward to minutes of the last US Federal Reserve policy meeting due later in the day for more clarity on its interest rate path.
2 min read21 Feb 2024Gold prices in the international market dipped below the key $2,000-per-ounce level, trading near a two-month low, as a stronger-than-expected US inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve.
1 min read14 Feb 2024Commodity derivatives trading on MCX began at 1 pm instead of the normal trading time from 9 am. The commodity bourse earlier delayed time to 10 am and then 11 am and then to 1 pm.
1 min read13 Feb 2024MCX share price plunges more than 9% on weak Q3 results, reporting a net loss of ₹5.3 crore. MCX share price opens at ₹3,728.05 apiece on BSE today, touching an intraday low of ₹3,460.80.
2 min read12 Feb 2024Gold prices traded in a tight range ahead of speeches by US Fed officials through the week that could give further cues on when the US central bank may start easing its monetary policy,
2 min read7 Feb 2024Import duty on gold, silver findings and precious metals increased to 15%
1 min read23 Jan 2024MCX gold traded 0.18% lower at ₹61,901 per 10 grams. Silver prices also fell 0.67% to ₹71,607 per kg.
1 min read17 Jan 2024MCX gold prices traded 0.05% higher at ₹62,209 per 10 grams. Silver prices also gained 0.08% to trade at 72,105 per kg.
1 min read10 Jan 2024Gold prices have risen 14.8% in the year 2023, while silver price gained 7.2% during the year. In the international market, bullion prices gained 13% in 2023 to post their first annual gain since 2020 on hopes that the US central bank could cut interest rates as early as March.
2 min read2 Jan 2024Factors that could affect prices in 2024 include central bank action, interest rate cuts, geopolitical tensions, growth concerns, and central bank gold buying.
4 min read26 Dec 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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