Gold Silver Prices Up on Firm Global Cues, Silver Kiss High Rs 41000

Spot Gold

Gold Silver Reports (GSR) – Gold Silver Prices Up on Firm Global Cues, Silver Kiss High Rs 41000 — Traders said, apart from a firm trend overseas, brisk buying by local jewellers to meet wedding season demand in the domestic spot market kept gold prices higher. Besides, a depreciated rupee against the dollar made imports of the metal costlier, thus fuelling the uptrend, experts said.                            

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IndusInd Bank Q4 Net Profit Matches Estimates In Q4

Gold Silver Reports (GSR) – IndusInd Bank Q4 Net Profit Matches Estimates In Q4 — Shares of the Mumbai-based private sector lender fell 1.6 percent to Rs 1,814 after it reported divergence in NPAs to the tune of Rs 1,350 crore in March quarter.         

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Metal Index Surges To Six-Week High Led By Hindalco, Vedanta

Gold Silver Reports (GSR) – Metal Index Surges To Six-Week High Led By Hindalco, Vedanta — S&P BSE Metal Index surged as much as 4.15 percent to a 6-week high, best performer among 19 sector gauges. Aluminum and nickel led a surge in metals prices amid turmoil unleashed by U.S. sanctions against United Co. Rusal.

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Rusal Discusses Deals in China to Ease Sanctions Crunch

Gold Silver Reports (GSR) – Rusal Discusses Deals in China to Ease Sanctions Crunch — Rusal is looking for alternative sources of alumina, the raw material for aluminum, as sanctions block its normal supplies, according to the people, who asked not to be identified because the matter is private. At the same time, the Russian company is asking traders whether it can boost sales of the refined metal in ingot form in China, as its usual customers are cut off.                                

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