Skip to main content

Featured Post

A Comprehensive Guide What Are the Best Stocks to Buy on the NSE?

  Introduction   India’s National Stock Exchange (NSE) is one of the world’s most dynamic value markets, advertising speculators introduction to a wide cluster of sectors—from data innovation and pharmaceuticals to buyer merchandise and budgetary administrations. As the Indian economy proceeds to develop, numerous retail and organization financial specialists ponder which stocks merit a put in their portfolios. Whereas there is no one ‑ size ‑ fits ‑ all reply, a taught approach that centres on essentials, valuation, and macro ‑ economic patterns can offer assistance you recognize high ‑ quality companies with solid development prospects.   Understanding the NSE Scene Metric What It Means for Investors Market Capitalization Large ‑ cap stocks (₹10,000 crore +) tend to be more liquid and less volatile, while mid ‑ caps and small ‑ caps can offer higher growth but come with greater risk. Liquidity (Average Dail...
Post a Comment

Gold at an all-time high ten-gram @ Rs 56191 with an increase of Rs 685

Gold at an all-time high ten-gram @ Rs 56191 with an increase of Rs 685, silver became costlier by Rs 12965 in five sessions.
 


Due to the uncertain global economic environment, gold and silver demand remains. Due to this, the prices of both metals are continuously increasing. Along with the international market, gold and silver prices are setting new records every day.

 

On Friday, on the Multi Commodity Exchange (MCX), gold futures once again set a new record of all-time highs. Gold opened at Rs 55506 per ten grams in the morning. In a short time, it rose by Rs 685 to Rs 56191 per ten grams. This is the new gold all-time high record. However, this boom could not last long and then broke down and fell below the level of 56 thousand. It is trading at Rs 55750 per 10 grams with a fall of Rs 95 at around 10 am. On Thursday, gold had closed at Rs 55,845 per 10 grams. This is the October delivery price.

 

Due to increasing interest in safe investment globally, prices of silver futures are also registering a steady rise. MCX began trading in silver at Rs 75,063 per kg on Friday. In a short time, it rose by Rs 2886 to Rs 77,949 per kg. With this increase, silver has reached close to 78 thousand rupees per kg. This is its new all-time high record. Silver had closed at Rs 76,052 per kg on Thursday. This is the September delivery price.

 

MCX has witnessed a sharp rise in gold and silver prices in the last five sessions. On July 31, gold had closed at Rs 53,445 per ten grams and silver at Rs 64,984 per kg. In the subsequent five seasons, till now, gold has become expensive by Rs 2746 per ten grams and silver by Rs 12965 per kg.

 

Gold has reached $ 2060 an ounce due to heavy demand in the international market. At the same time, silver is trading at $ 28.36 an ounce. On Thursday, gold traded up to $ 2070 an ounce and silver-topped $ 30 an ounce. This was the biggest increase in gold and silver prices in a week after 2006. One ounce contains about 28 grams.

 

Commodity analyst, Anshul Jain Sr. Technical Strategist at Lakshmishree Investments & Securities Pvt Ltd says that silver can go up to Rs 80,000 per kg and gold can go up to Rs 60,000 per 10 grams. He said that the interest of people in the Corona era towards safe means of investment and the weakness in the dollar are supporting the rise of gold and silver which can continue even further.


Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

What is the Orange Economy? Top Sectors to Invest in 2026.

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
Post a Comment
Read more