New Delhi, Dec 9: Gold prices slipped marginally by Rs 6 to Rs 47,156 per 10 gram in the national capital on Thursday on mixed global cues, according to HDFC Securities.
In the previous trade, the precious metal had settled at Rs 47,162 per 10 grams.
Silver also declined by Rs 158 to Rs 60,230 per kg from Rs 60,388 per kg in the previous trade.
“Spot gold prices for 24-carat gold at Delhi were trading marginally down by Rs 6 despite of rupee depreciation”, according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.
In the international market, gold was trading higher at USD 1,786 per ounce and silver marginally slipped to USD 22.33 per ounce.
“Gold prices traded firm with spot gold prices at COMEX were trading marginal up near $1,786 per ounce on Thursday,” Patel added. (agencies)
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BIZ-STOCKS-CLOSE
Sensex ends 157 pts higher; Nifty reclaims 17,500
Mumbai, Dec 9:
Equity benchmark Sensex ended 157 points higher on Thursday, tracking gains in index majors Reliance Industries, ITC and L&T amid a largely positive trend in global markets.
The 30-share index ended 157.45 points or 0.27 per cent higher at 58,807.13. Similarly, the NSE Nifty rose 47.10 points or 0.27 per cent to 17,516.85.
ITC was the top gainer in the Sensex pack, rising around 5 per cent, followed by L&T, Asian Paints, Reliance Industries, M&M, Bajaj Finance and Infosys.
On the other hand, HDFC Bank, Titan, Nestle India, NTPC and PowerGrid were among the laggards.
“Domestic indices surrendered to profit-booking in early session, but later gained ground owing to positive global sentiments,” said Vinod Nair, Head of Research at Geojit Financial Services.
Investors are keenly awaiting the US inflation data in order to gauge the Fed’s decision on rolling back economic stimulus, he said.
Elsewhere in Asia, bourses in Shanghai, Seoul and Hong Kong ended with gains, while Tokyo was in the red.
Stock exchanges in Europe were largely trading on a positive note in mid-session deals.
Meanwhile, international oil benchmark Brent crude slipped 0.63 per cent to USD 75.34 per barrel. (AGENCIES)
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BIZ-RUPEE-CLOSE
Rupee slips to 75.53 against dollar on Omicron concerns
Mumbai, Dec 9:
The rupee on Thursday edged down by 3 paise to settle at 75.53 (provisional) against the US dollar, tracking a firm American currency amid concerns over the impact of the new COVID variant on the economy.
Besides, unabated foreign fund outflows weighed on investor sentiments, traders said.
At the interbank foreign exchange market, the local currency opened at 75.45 against the greenback. The local unit soon pared its initial gains and touched a low of 75.58 against the US dollar.
The rupee finally settled at 75.53, down by 3 paise over its previous close.
On Wednesday, the Indian rupee fell to a near two-month low of 75.50 against the US dollar, as RBI’s bi-monthly monetary policy decision failed to enthuse forex market participants.
The Reserve Bank of India on Wednesday kept borrowing costs at a record-low for the ninth consecutive time, as it decided to continue supporting economic growth amid uncertainty over the impact of the Omicron strain on the economy.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.20 per cent up at 96.08.
Brent crude futures, the global oil benchmark, declined 0.46 per cent to USD 75.47 per barrel.
On the domestic equity market front, the BSE Sensex ended 157.45 points or 0.27 per cent higher at 58,807.13, while the broader NSE Nifty rose 47.10 points or 0.27 per cent to 17,516.85.
Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 579.27 crore, as per exchange data. (AGENCIES)
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