Gold Silver Reports (GSR) – As the biggest Indian fiesta, the festival of lights — Diwali — is round the corner, all the people have been ready with their respective to do lists on the auspicious occasion.
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Commodity News – Real-time Accurate MCX Commodity Market News and forecast for today. Best commodity market online tips through whatsapp and telegram by Neal Bhai.
Gold prices Today Rebounded
Gold Silver Reports (GSR) – Gold prices Today Rebounded – Buying by local jewellers amid festive season demand and steady global prices helped boost domestic gold prices. Besides, weakness in the rupee, which makes imports costlier, also fuelled the upward trend in gold prices.
Jet Airways Rises On Report Tata Sons May Buy Stake
Jet Airways Rises On Report Tata Sons May Buy Stake — Shares of the Mumbai-based troubled airline operator rose as much as 8.5 percent to Rs 234.90.
How Does Gold Impact the Indian Economy?
India’s gold market is driven primarily by the consumption and fabrication of the yellow metal. Both have a significant impact in terms of economic value add, employment, contribution to foreign exchange earnings, and the trade balance. A report commissioned by the World Gold Council from PricewaterhouseCoopers estimated that gold made a direct contribution of more than $30 billion to the Indian economy.
Gold Prices Slip Today, Silver Edges Lower
Global spot gold rate was little changed at $1,226.71 an ounce. It touched $1,233.26 on Monday, its highest since July 26. US gold futures were flat at $1,230.40 an ounce. Despite the recent rally in global gold rates, price of the precious metal remains down nearly 10% from its April peak.
Sovereign Gold Bond Scheme opens for Subscription: 10 Things to know – Gold Silver Reports
Sovereign Gold Bond Scheme opens for subscription: 10 things to know
The new series of sovereign gold bonds opened for subscription today. The government has fixed the price at Rs 3,146 per gram for the 2018-19 Series II sovereign gold bond scheme. The scheme will be open till October 19 and the bonds will be issued on October 23. Sovereign gold bonds will be issued every month from October 2018 to February 2019, the RBI had said earlier. The next tranche will be open from November 5-9 and issuance will be on November 13.
Trump’s Unusual Fed Bashing Raises the Stakes of a Policy Blunder that Damages the Economy
President Donald Trump is not known to mince words. And this week, he offered his sharpest rebuke yet of the Federal Reserve.