Sensex Reclaims 36,000 Led By Reliance, HDFC Bank

Gold Silver Reports (GSR) – Mid- and small-cap shares were in line with their larger peers as the Nifty Midcap 100 Index rose 0.55 percent and the Nifty Smallcap 100 index climbed 0.9 percent. 

Sensex Reclaims 36,000 Led By Reliance, HDFC Bank – Indian equity benchmarks moved higher led by Reliance Industries, HDFC Bank, Infosys and ICICI Bank.        

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Stocks Market Watch: HCL Tech, Gayatri Projects, TCS, IndusInd Bank

Gold Silver Reports (GSR) – Equities in Japan, South Korea and Australia rose after the S&P 500 Index climbed for a third day toward the upper end of its trading range.

Stocks in Asia extended recent gains from a nine-month low, and followed U.S. shares higher, amid optimism the upcoming earnings season will be sufficiently robust to overshadow a rise in trade tensions.             

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Gold Prices Hold at ₹ 31,650 per 10 grams, Silver prices Rise by ₹ 250

Gold prices rise over 4% in January 2025

Gold Silver Reports (GSR) – Gold prices remained steady today at Rs 31,650 per 10 grams, while silver prices rose by Rs 250 to Rs 40,750 per kg following increased offtake by industrial units and coin makers amid firm global cues, reported news agency PTI. However, in global markets, gold prices hit a near two-week high as investors covered their short positions and the dollar slipped to its weakest since mid-June, while lingering US-China trade tensions also supported the metal. In Delhi, gold rates of 99.9% and 99.5% purity were steady at Rs 31,650 and Rs 31,500 per 10 grams, respectively.

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Dollar Index Now Down By More Than 0.2%

Dollar Price Forecast

Gold Silver Reports (GSR) – Dollar index now down by more than 0.2% – And it is falling below the 38.2 retracement level @ 93.81 as highlighted earlier here. The continued selling momentum in the dollar following the US jobs report extends to the new week. EUR/USD just touched a session high of 1.1781 while the dollar is at the lows against the aussie, swissie, and sterling as well.            

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