NEW DELHI, May 24: Gold in the national capital on Monday gained Rs 95 to Rs 48,015 per 10 gram amid a positive global trend and rupee depreciation, according to HDFC Securities.
In the previous trade, it had closed at Rs 47,920 per 10 gram.
Silver also jumped Rs 154 to Rs 70,998 per kg, from Rs 70,844 per kg in the previous trade.
The rupee depreciated by 4 paise to 72.87 against the US dollar in the early trade on Monday.
In the international market, gold was trading in the green at USD 1,882 per ounce and silver was flat at USD 27.67 per ounce.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold prices continued upside after gaining for three consecutive weeks. Gold prices traded near four-month high on weaker dollar.”
Motilal Oswal Financial Services Vice-President (Commodities Research) Navneet Damani said, “Gold steadied near the highest level amid weaker dollar and pullback in US yields showing the investors increased optimism on the precious metal.” (AGENCIES)
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BIZ-STOCKS-CLOSE
Sensex jumps 111 pts; Nifty ends near 15,200
Mumbai, May 24:
Equity benchmark Sensex advanced 111 points on Monday, tracking gains in HDFC twins, SBI and L&T amid mixed cues from global markets.
The 30-share BSE index climbed 111.42 points or 0.22 per cent to finish at 50,651.90. The broader NSE Nifty rose 22.40 points or 0.15 per cent to 15,197.70.
SBI was the top gainer in the Sensex pack, advancing over 2 per cent, followed by L&T, ITC, Dr Reddy’s, Axis Bank and PowerGrid.
On the other hand, IndusInd Bank, UltraTech Cement, Titan and Bajaj Finserv were among the losers.
Domestic equities remained positive despite mixed global cues as persistent decline in daily caseload and improvement in recovery rate in second wave of COVID-19 continued to lift investors’ sentiments, said Binod Modi, Head – Strategy at Reliance Securities.
Elsewhere in Asia, bourses in Shanghai and Tokyo ended on a positive note, while Hong Kong and Seoul were in the red.
Equities in Europe were largely trading with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude was trading 1.81 per cent higher at USD 67.55 per barrel. (agencies)
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BIZ-RUPEE-CLOSE
Rupee slips 13 paise to close at 72.96 against US dollar
Mumbai, May 24:
The rupee declined by 13 paise to close at 72.96 (provisional) against the US currency on Monday as rising crude oil prices weighed on investor sentiment.
However, gains in domestic equities and weaker US dollar overseas helped restrict rupee loss to some extent.
At the interbank forex market, the local unit opened weak at 72.88 against the greenback and traded in the range of 72.98-72.86 during the session.
The rupee finally ended at 72.96 against the American currency, registering a fall of 13 paise over its previous close.
On Friday, the rupee had settled at 72.83 against the American currency.
Brent crude futures, the global oil benchmark, surged 1.90 per cent to USD 67.70 per barrel.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.15 per cent to 89.87.
On the domestic equity market front, the BSE Sensex ended 111.42 points or 0.22 per cent higher at 50,651.90, while the broader NSE Nifty advanced by 22.40 points or 0.15 per cent to 15,197.70.
Foreign institutional investors were net buyers in the capital market on Friday as they purchased shares worth Rs 510.16 crore, as per exchange data. (agencies)
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