Silver prices also fell by around Rs 1,000 to trade at Rs 63,983 per kg. In the international market also, gold prices fell as spot gold went down by around two per cent to reach $1,722 per ounce. Commenting on the movement of gold prices, Head of Commodity Research at Kotak Securities, Ravindra Rao said, […]
They had a big problem: Just weeks earlier, the Chinese government banned cryptocurrency mining over concerns about illicit coal mining and underlying financial risks. The miners sat in rows of white chairs in a hall at the Gran Melia Chengdu Hotel and listened intently to the executives at Bitmain Technologies, the world’s largest mining-equipment maker. […]
From today, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery. “Continuing our government’s endeavour for better protection and satisfaction of customers, mandatory hallmarking in 256 districts will be implemented from June 16. Speaking to PTI, Consumer Affairs Secretary Leena Nandan said gold hallmarking will be implemented in a […]
Gold may remain choppy reflecting volatility in the US dollar however we expect buying interest to emerge at lower levels as Fed is likely to maintain a dovish stance,” said Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities. Silver futures for delivery in July declined as much as 0.19 per cent to […]
Tamil Nadu, which houses foreign manufacturers including BMW and Dell, will also close from Monday, while Delhi extended its lockdown for another week. The news of strict lockdowns in several states may hurt sentiment ahead, Ajit Mishra, vice president for research at Religare Broking Ltd., wrote in a report. Vaccine shortages have complicated efforts to […]