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Gold falls Rs 600 to Rs 1,31,600/10g on muted global trends, rate-cut jitters

New Delhi, Dec 4 (PTI) Gold prices fell by Rs 600 to Rs 1,31,600 per 10 grams in the national capital on Thursday, following weak global trends and investor caution ahead of the US Federal Reserve’s policy meeting next week. The precious metal of 99.9 per cent purity had closed at Rs 1,32,200 per 10 grams on Wednesday. Silver extended its losses for the second straight day, depreciating by Rs 900 to Rs 1,80,000 per kilogram (inclusive of all taxes) from the previous close of Rs 1,80,900 per kg. “Gold prices retreated on Thursday amid a lack of follow-up buying

Rupee recovers from record low level, rises 19 paise to close at 89.96/USD

Mumbai, Dec 4 (PTI) The rupee rebounded from its all-time low levels and appreciated by 19 paise to close at 89.96 against the US dollar on Thursday, on softness in the US dollar index and on reports of the Reserve Bank of India’s supposed intervention. Forex traders said the greenback fell after ADP non-farm payroll data came in sharply below forecast, and the softness in the US dollar index supported the rupee at lower levels. The rupee opened weak earlier in the day and touched a fresh all-time low of 90.43 amid selling pressure from foreign investors and rising crude

Stock markets snap four-day losing streak, Sensex climbs 158 points as IT shares rally

Mumbai, Dec 4 (PTI) Snapping the four-day losing run, benchmark Sensex climbed 158 points and Nifty settled above 26,000 on Thursday following buying in tech and IT shares. The 30-share BSE Sensex edged higher by 158.51 points or 0.19 per cent to settle at 85,265.32. During the day, it rose by 380.4 points or 0.44 per cent to 85,487.21. The 50-share NSE Nifty climbed 47.75 points or 0.18 per cent to 26,033.75. Sensex dropped around 613 points or 0.72 per cent while Nifty shed nearly 230 points or 0.8 per cent in four straight sessions to Wednesday. Tata Consultancy Services,

Govt tells visiting dignitaries not to meet LoP; it’s their insecurity: Rahul ahead of Putin’s visit

New Delhi, Dec 4 (PTI) Congress leader Rahul Gandhi on Thursday alleged that the government tells visiting foreign dignitaries not to meet the Leader of the Opposition due to its “insecurity”. Gandhi’s remarks came hours ahead of Russian President Vladimir Putin’s two-day visit to India. The Leader of the Opposition in the Lok Sabha said it is a tradition that visiting foreign dignitaries meet the LoP but Prime Minister Narendra Modi and the Ministry of External Affairs were not following this norm. “Normally the tradition is that those who come from abroad have a meeting with the LoP. This used

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