Gold Prices Today: Yellow Metal Drops Below Rs 49,000 Level After Mid Session Gain
Gold Price in India: Domestic gold futures registered a highly volatile trading session on Friday, January 15, as the prices witnessed a steep decline post-mid-session gains, diving below Rs 49,000 level. Multi Commodity Exchange (MCX) gold futures, due for a February 5 delivery, were last seen trading lower by 1.12 per cent - at Rs 48,668, having swung between Rs 48,544 and Rs 49,327 during the session compared to their previous close of Rs 49,221. Silver futures for a March 5 delivery were trading lower by 3.42 per cent at Rs 64,400. (Also Read: Is Silver The New Gold?)Â
#Gold and #Silver Closing #Rates for 15/01/2021#IBJA pic.twitter.com/v36zpF5jqe
January 15, 2021Domestic spot gold closed at Rs 49,327Â per 10 grams on Friday, and silver at Rs 65,420Â per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).Â
''COMEX gold trades little changed near $1851/oz after a 0.2% decline yesterday. Gold is choppy as support from rising virus cases, disappointing US economic data and hopes of higher US stimulus is countered by higher US bond yields, vaccine progress and continuing ETF outflows. Gold may remain choppy along with US dollar and equity markets as implications of higher US stimulus are assessed however general bias may be on the upside,'' said Ravindra Rao, VP- Head Commodity Research at Kotak Securities.
Meanwhile, the rupee ended its three-session winning streak and slipped three paise against the US dollar on Friday to settle at 73.07 (provisional), amid heavy selloffs in domestic equities with volatile trading sessions. Brent crude futures, the global oil benchmark, fell 1.51 per cent to $ 55.57 per barrel.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
