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Gold Price Today: Domestic Gold Futures Back Above Rs 51,000 As Dollar Weakens
Edited by Sandeep Singh (with inputs from agencies) | Friday October 23, 2020Gold Price In India Today: Multi Commodity Exchange (MCX) gold futures settled at Rs 51,010 (up 0.48 per cent) for the day. -
Gold Premiums Climb To Nearly 3-Week High As Jewellers Boost Festive Stocks
Reuters | Friday October 23, 2020, Bengaluru/MumbaiDealers charged premiums of $5 an ounce this week over official domestic prices, inclusive of 12.5 per cent import and 3 per cent sales taxes, versus the $1 premiums last week. -
Gold Premiums Rise As Jewellers Boost Festive Stocks
Reuters | Friday October 23, 2020On Friday, local gold futures traded at around Rs 50,920 per 10 grams. Prices hit an all-time high of Rs 56,191 in August. -
Rate Cut Will Depend Upon Moderation In Inflation: Shaktikanta Das
Press Trust of India | Friday October 23, 2020Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving situation on the inflation front. -
Move Over Bonds, Forex Taking Over As Investors' New Favourite Playbook
Reuters | Friday October 23, 2020, LondonCurrency market volatility has risen from a one-and-a-half-year low hit in late July while overall bond market volatility remains near 2020 lows. -
Global Stocks Bide Time As US Presidential Election Caution Sets In
Reuters | Friday October 23, 2020, London/TokyoWhile Democratic plans to raise taxes on corporate profits and capital gains could hit share prices, their pledge on large stimulus is seen as offsetting those blows. -
Barclays Beats July-September Profit Forecasts As CEO Jes Staley Aims To Stay On
Reuters | Friday October 23, 2020, LondonBarclays disclosed in February that British regulators had launched an investigation into Staley's past connections to the late financier and convicted sex offender Jeffrey Epstein, which is yet to conclude. -
New Mundra LNG Terminal To Ramp Up Utilisation From 45% To 55% In 6 Months
Reuters | Friday October 23, 2020, Singapore/AhmedabadAnother pipeline connecting Anjar to Banaskantha district in Gujarat only has a diameter of 18-inches, which limits the terminal's utilisation. -
Sensex, Nifty End Higher; Aditya Birla Fashion Jumps On Flipkart Deal
Reuters | Friday October 23, 2020, BengaluruGlobal stocks remained within a tight range on Friday, less than two weeks before the US presidential election, with traders looking for a breakthrough in stimulus talks in Washington. -
Sensex, Nifty Rebound After A Day's Pause Led By Auto Shares
Edited by Abhishek Vasudev | Friday October 23, 2020Seven of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Auto index's nearly 3 per cent gain. -
Spot Gold Gains On Weaker Dollar, Coronavirus Concerns Ahead Of US Election
Reuters | Friday October 23, 2020The dollar index fell 0.2 per cent against its rivals, making dollar-denominated gold less expensive for holders of other currencies. -
Sensex Closes 127 Points Higher Boosted By Auto Shares
Edited by Sandeep Singh (with inputs from Reuters) | Friday October 23, 2020Domestic share markets rose on Friday led by automobile shares, amid cautious gains across Asia as investors assessed the prospect of another stimulus package in the world's largest economy. The S&P BSE Sensex index jumped as much as 0.62 per cent - or 252.63 points - to touch 40,811.12 during the session, and the broader NSE Nifty 50 benchmark climbed to as high as 11,974.55, up 0.66 per cent from its previous close. Analysts awaited earnings reports from more large cap companies for cues. -
Reliance Power Profit Doubles In September Quarter; Shares Jump
Friday October 23, 2020Reliance Power's revenue from operations rose 21 per cent to Rs 2,449 crore as against Rs 2,018.59 crore in the same period last year. -
Aditya Birla Fashion And Retail Surges On Rs 1,500 Crore Investment From Flipkart
Edited by Abhishek Vasudev | Friday October 23, 2020Aditya Birla Fashion manufactures popular clothing brands like Allen Solly, Peter England, Louis Philippe and VanHeusen. -
Flipkart To Buy 8% Stake In Aditya Birla's Fashion Unit For Rs 1,500 Crore
Reuters | Friday October 23, 2020The investment comes at a time when Amazon.com Inc, billionaire Mukesh Ambani-led Reliance Industries and Flipkart are in a race to gain market share in India's fast-growing online market for food and groceries.
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