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Gold jumps Rs 450 to Rs 99,620/10 g; silver rallies Rs 1,000

New Delhi, Jul 3 (PTI) Gold prices climbed Rs 450 to Rs 99,620 per 10 grams in the national capital on Thursday due to continuous buying by stockists, according to the All India Sarafa Association. On Wednesday, the precious metal of 99.9 per cent purity had closed at Rs 99,170 per 10 grams. Gold of 99.5 per cent purity appreciated Rs 400 to Rs 99,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at Rs 98,600 per 10 grams in the previous market session. Additionally, silver prices rallied Rs 1,000 to Rs 1,05,800 per kilogram (inclusive

Stock markets climb in early trade amid optimism over India-US trade deal, rally in Asian peers

Mumbai, Jul 3 (PTI) Equity benchmark indices Sensex and Nifty climbed in initial trade on Thursday, mirroring a positive trend in Asian markets, amid optimism over India-US trade deal. The US-Vietnam trade deal also had a positive effect on the domestic equities, analysts said. The 30-share BSE Sensex climbed 242.83 points to 83,652.52 in early trade. The 50-share NSE Nifty went up by 83.65 points to 25,537.05. “US President Trump announced a trade deal reducing Vietnam’s tariff to 20 per cent from 46 per cent, raising hopes that India’s effective tariff rate may settle around 15–18 per cent. “Markets await

Rupee falls 8 paise to 85.70 against US dollar in early trade

Mumbai, Jul 3 (PTI) The rupee depreciated 8 paise to 85.70 against the US dollar in early trade on Thursday amid renewed headwinds from global risk sentiment and persistent foreign fund outflows. Forex traders said the rupee was trading in a narrow range largely due to RBI’s cautious strategy as any dip in USD-INR is likely to be met with dollar buying by the RBI, not only to manage maturities but also to rebuild its intervention cushion. This persistent demand for dollars by the central bank is limiting the gains for the rupee, they said. At the interbank foreign exchange,

Gold extends gain for 2nd straight day, climbs Rs 500 to Rs 99,170 per 10 g; silver trades flat

New Delhi, Jul 2 (PTI) Gold prices jumped Rs 500 to Rs 99,170 per 10 grams in the national capital on Wednesday, tracking heavy global buying amid renewed concerns over US tariffs. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had ended Rs 1,200 higher at Rs 98,670 per 10 grams on Tuesday. The yellow metal has gained Rs 1,700 per 10 grams in the two consecutive sessions. Gold of 99.5 per cent purity climbed Rs 450 to Rs 98,600 per 10 grams (inclusive of all taxes). It had settled at Rs 98,150

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