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MCX Gold Silver Tips Today: Gold continued losing ground through the mid-European session and dropped to fresh one-month lows, below the $1,850 level in the last hour. This marked the second consecutive day of heavy selling and was dragged the Gold (Yellow Metal) further away from the near five-month tops touched on May 1.
Gold Prices Today: Gold struggled in Indian markets today as global rates fell to more than one week low. On MCX, gold futures were down 0.61% to ₹48,588 per 10 gram, extending losses to the second session.
India-based JSW Steel Ltd. claims three of the largest American steelmakers conspired to stifle competition by refusing to sell raw metal to its U.S. pipe and plate-making operations after the Trump administration imposed imports on cheaper foreign supplies.
Equity benchmarks Sensex and Nifty ended marginally lower yesterday following losses in index majors Reliance Industries Ltd, ICICI Bank and HDFC twins. The S&P BSE Sensex fell 0.1% at 52,275.57, while NSE Nifty 50 Index declined slightly to 15,740.10.
Market watchers haven’t been this bullish on State Bank of India in almost two decades, as they bet on the lender’s improving asset quality to help it weather the pandemic.
India’s key equity benchmarks closed at a record high even as investors assessed the impact of lockdowns on businesses, which have now begun to gradually reopen as the pace of coronavirus infections slows.