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Gold slides Rs 960 to Rs 1.53 lakh/10 g; silver sinks Rs 6,660 as demands ebb on firm equities, rupee

New Delhi, Jun 18 (PTI) Gold prices fell for the third straight session, sliding by Rs 960 to Rs 1.53 lakh per 10 grams in the national capital on Thursday, while silver slumped by Rs 6,660 as the precious metals lost their safe-haven appeal amid a rally in stock markets. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity declined by Rs 960 to Rs 1,53,440 per 10 grams (inclusive of all taxes) from Wednesday’s closing level of Rs 1,54,400 per 10 grams. Silver also witnessed heavy selling pressure, plunging by Rs 6,660 to

India’s thermal coal imports drop to 4-year low as green power rises

NEW DELHI, June 18 (Reuters) – India’s thermal coal imports fell to a 4-year low in January-May due to higher local ​output and rising renewable energy generation, commodities consultancy BigMint said. Overall, ‌thermal coal imports, at 65 million tons in the year till May, declined by an annual 12%, the consultancy said. India, the world’s second-largest importer of thermal ​coal, has been seeking to reduce its reliance on ​imports and aims to cut the use of such coal for ⁠power generation by at least 30% this year. The country’s top ​producer, Coal India had asked its subsidiaries to ramp up

Rupee rises 14 paise to close at 94.36 against US dollar

Mumbai, Jun 18 (PTI) The rupee pared its initial losses and settled for the day 14 paise higher at 94.36 (provisional) against the US dollar, as the US and Iranian Presidents signed the peace agreement, boosting global market sentiments. Forex traders said market sentiments were buoyant after the United States and Iran electronically signed a memorandum of understanding aimed at ending hostilities and creating a framework for negotiations on Iran’s nuclear programme. Negotiators are expected to meet in Geneva on Friday. Meanwhile, positive domestic equities supported investor sentiments further. However, the broad strength of the American currency in the overseas

Stock markets end higher for 5th day in a row on lower crude prices, optimism over US-Iran peace deal

Mumbai, Jun 18 (PTI) Benchmark equity indices Sensex and Nifty ended in positive territory on Thursday, rallying for the fifth straight session, supported by encouraging developments on the geopolitical front and easing crude oil prices. The 30-share BSE Sensex climbed 254.36 points, or 0.33 per cent, to settle at 77,409.98. During the day, the benchmark hit a high of 77,492.33 and a low of 76,953, gyrating 539.33 points. The 50-share NSE Nifty edged higher by 82.30 points, or 0.34 per cent, to end at 24,168. From the 30-Sensex firms, InterGlobe Aviation, Trent, Bharat Electronics, NTPC, State Bank of India, and

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