Live
- Nizamabad MP Dharmapuri Arvind and Jagtial MLA Dr. Sanjay Kumar Meet CM Revanth Reddy
- Hyderabad CP CV Anand Issues Stern Warning to Bouncers
- MP Laxman Criticizes Police Conduct, Calls for Support for Victims' Families
- Fire Breaks Out in Kachiguda-Chennai Egmore Express, Passengers Evacuated Safely
- CM Revanth Reddy Condemns Attacks on Film Personalities' Homes, Calls for Strict Action
- Victory Venkatesh and Nandamuri Balakrishna to Set Screens on Fire with Unstoppable Season 4
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
Gold continues to lose its sheen
If the trade-talks between the US and China result into lowering of tariff on some articles, which seems to be a possibility, the yellow metal can be expected to regain its shine
Hyderabad: If the trade-talks between the US and China result into lowering of tariff on some articles, which seems to be a possibility, the yellow metal can be expected to regain its shine.
During the week ended Saturday, Silver closed at $15.14. Other economic parameters were firm. Brent Crude further recovered from the previous week's closing mark and closed at $ 67.55 (per barrel).
Platinum and Palladium closed at Rs.25,290 (per 10 gms) and Rs 30,731 respectively. Crude MCX and Copper closed at 4,185 and 451.50. Gold MCX stood at Rs 31,734 (per 10 gms) and Silver MCX at Rs 337,761 (per kg).
Sensex and Nifty 50 closed at 38,672.91 and 11,623.90 points respectively. NY Mex closed at 60.18. Similarly, $ and British Pound closed at Rs 69.15 and Rs 90.58 respectively.
At home, amidst sluggish demand both the yellow and white metals recorded further losses. Standard gold (24 carats) declined by Rs 450 and closed at Rs 31,700 (per 10 gms).
Ornamental gold too, moved in tandem and was quoted in the range of Rs 30,100-30,200 on the closing day. Silver (0.999) too, recorded a decline of Rs 600 and closed at Rs 37,700 (per kg).
