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Gold stays flat at Rs 98,600/10 g

New Delhi, Jun 26 (PTI) Gold prices stayed flat at Rs 98,600 per 10 grams in the national capital on Thursday, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity also remained flat at Rs 98,050 per 10 grams (inclusive of all taxes). Silver prices also traded steady at Rs 1,03,100 per kilogram (inclusive of all taxes) on Thursday. On the global front, spot gold went up marginally to USD 3,334.41 per ounce. “Gold saw a modest gain on Thursday, buoyed by bargain buyers and a weaker US dollar. The US dollar index fell

Markets rally for 3rd day on easing geopolitical tensions; Sensex surges 1,000 points

Mumbai, Jun 26 (PTI) Equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, taking their winning momentum to the third day running, amid growing optimism following easing geopolitical tensions and buying in market heavyweights HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09. The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549. From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC,

Rupee rises 41 paise to close at 85.67 against US dollar

Mumbai, Jun 26 (PTI) The rupee rose 41 paise to 85.67 (provisional) against the US dollar on Thursday on the back of a sharp drop in the greenback and a strong show in the domestic equity markets amid rise in risk appetite. The rupee extended its gains supported by a rise in risk appetite in global markets after the announcement of a ceasefire between Iran and Israel, forex traders said. Domestic markets rose by around a per cent each, while the US Dollar fell towards the 97 mark. Moreover, the broad decline in crude oil prices too favoured the domestic

Gold rises as weaker dollar, Trump’s criticism of Powell fuels uncertainty

June 26 (Reuters) – Gold edged higher on Thursday, lifted by a weaker dollar and growing uncertainty after reports suggested U.S. President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September-October. The reports raised concerns over the future independence of the U.S. central bank, boosting demand for safe-haven bullion. Spot gold edged up 0.1% at $3,334.20 per ounce, as of 0507 GMT. U.S. gold futures rose 0.1% to $3,347.10. The dollar fell to its lowest level since March 2022, making greenback-priced gold less expensive for overseas buyers. Powell told a U.S. Senate panel on Wednesday

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