Yellow Financial News

cold weather conditions, the Delhi Government on Sunday announced that schools in the national capital will remain closed till January 12 for Nursery to class 5. Minister Atishi announced the same on X. «Schools in Delhi will remain closed for the next 5 days due to the prevailing cold weather conditions, for students from Nursery to Class 5,» she said.

NCT) citing 'extreme cold waves and IMD's yellow alert'. On January 6, Delhi experienced another day under overcast and foggy conditions, with the daytime peak temperature reaching only 15.2 degrees Celsius and the early morning low settling at 8.9 degrees.

Delhi government has revoked a recently issued order that extended the winter vacation period for schools across the national capital. The Department of Education clarified that the earlier decision to prolong the winter break was a mistake. Consequently, the order has been promptly withdrawn, with an expectation for a resolution on the matter by tomorrow morning. Delhi's Directorate of Education hinted at the possibility of issuing new directives regarding the winter break in the near future. The revised order, dated January 6, 2024, stated, «Order No.DE.23(3)/Sch.Br./2024/18 regarding extension of Winter Vacation stands withdrawn with immediate effect.

Gold rate today: In the first week of the new year 2024, spot gold price remained at $2,010 to $2,080 per ounce whereas on Multi Commodity Exchange (MCX), the precious yellow metal traded in ₹62,250 to ₹63,500 per 10 gm range. The gold futures contract for February 2024 expiry on MCX finished at ₹62,579 per 10 gm level, around ₹1,500 away from its lifetime high of ₹64,064 per 10 gm.

Delhi Winter: Cold is expected to persist in Delhi for the next three days as the city recently witnessed its coldest day conditions in two years. A layer of lifted fog throughout the day, coupled with frosty northerly winds, contributed to the chill, with the maximum temperature at Safdarjung plummeting to 12.5 degrees Celsius, marking a 'severe cold day' as per the Indian Meteorological Department.

accused persons arrested in connection with the Parliament security breach on Friday gave their consent before a court here to conduct their polygraph test. Additional Sessions Judge Hardeeep Kaur also extended the police custody of all the accused persons — Manoranjan D, Sagar Sharma, Amol Dhanraj Shinde, Neelam Azad, Lalit Jha and Mahesh Kumawat — by eight days.

Investing.com-- Gold prices moved little in Asian trade on Friday after sinking below key levels this week following a sharp rebound in the dollar, with focus now squarely on key U.S. labor market data for more cues on interest rate cuts in 2024. 

Gold price today: Gold rate rises on geopolitical tensions, rate cut hopes; what should be your strategy for MCX Gold? According to a report by ICICI Direct, Gold prices are likely to move towards a new high of ₹70,000. “Gold prices are likely to rise further on the back of weak dollar and decline in US treasury yields. Dollar and Yields nosedive in anticipation that the US Fed will start cutting rates as soon as March 2024," the report said.

Investing.com-- Gold prices rose slightly in Asian trade on Thursday, but hovered below key levels as the dollar rebounded on growing doubts over exactly when the Federal Reserve will begin trimming interest rates. 

Gold rate today: After rate cut hint in US Fed meeting minutes, gold price today opened higher on Multi Commodity Exchange (MCX) at ₹62,724 per 10 gm levels and went on to touch an intraday high of ₹62,771 per 10 gm within a few minutes of commodity market's opening bell today. While climbing to the intraday peak, the yellow metal price came close to the lifetime high of ₹64,065 levels. MCX gold rate today is around ₹1,300 away from the record high.

Investing.com-- Gold prices fell in Asian trade on Wednesday, relinquishing a measure of recent gains as the dollar rebounded amid some uncertainty over the timing of the Federal Reserve’s interest rate cuts in 2024. 

Delhi Police sleuths, sources said on Tuesday. Sagar Sharma, Manoranjan D, Neelam Azad, Amol Shinde, Lalit Jha and Mahesh Kumawat are in police custody till January 5. They have been interrogated for their actual motive behind the security breach, the sources added. According to a police source, Neelam and Manoranjan are being held at the office of the Special Cell's Counter Intelligence Unit at New Friends Colony.

Also Read: Gold prices track best year since 2020, supported by hopes of Fed rate cut in 2024 However, analysts believe gold price is expected to remain in a narrow range in the month of January after the recent upmove. “Gold prices saw a decent rally recently amid dovish Fed and anticipation of rate cuts in 2024. However, the positives are largely discounted and the bullion prices are expected to remain in a narrow range this month," said Ajay Kedia, Director, Kedia Advisory.

yellow metal has been impressive, showing a gain of more than 12% this year, and on India’s Multi Commodity Exchange (MCX), gold’s trading value recently stood at a staggering ₹61,221 per 10 grams (as of December 11, 2023). A recent report by the World Gold Council (WGC) highlights that gold’s performance has been bolstered by various global events including the collapse of the Silicon Valley Bank, an approaching election year for major economies such as the US, the EU, India, and Taiwan, and the continued demand from central banks.

Poco seems to be gearing up for the launch of its upcoming Poco X6 5G smartphone series in India soon. Notably, Poco's sister brand Redmi is also planning to unveil its Redmi Note 13 5G smartphone series at an event on January 4. Also Read | Poco M6 5G with Dimensity 6100+ SoC launched in India.

Gold should remain a key component of investor portfolios in 2024 to help mitigate the volatility expected in equities and fixed income amid crucial local and global events, said experts. While an easing interest rate environment is seen propping up prices of the yellow metal, double-digit returns like those in 2022 and 2023 are unlikely, especially at the current levels, they said, advising investors to stagger purchases. «Whenever interest rates in the US come down, gold prices tend to rally, and some part of this year's rally is already reflecting this,» said Nilesh Shah, managing director, Kotak Mutual Fund. Gold prices have gained 12% in 2023 as stress in the banking system and expectations that the US central bank would pivot saw some safe-haven buying at the start of the year.

-A tsunami measuring under one metre (3.3 ft) reached South Korea's east coast in the wake of a massive earthquake that hit Japan on Monday -The first tsunami to reach South Korea's coast was 67 cm (2.2 ft) but authoriites warned it may increase in size after the initial waves and may continue for more than 24 hours -North Korea issued tsunami warnings for its coast of possible waves of more than 2 metres, South Korea's Yonhap news agency reported, citing the North's state radio. -Russian officials issued a tsunami alert for the island of Sakhalin, warning that areas across the island's west coast could be affected by the waves. -Tsunami waves over a metre (three feet) high crashed into the coast after the 7.6-magnitude quake, and more, up to five metres high, were possible within 300 kilometres of the epicentre, US and Japanese weather agencies said.

In the ever-dynamic world of cryptocurrency, Bitcoin continues to be a focal point of market activity. As of Sunday, Bitcoin is trading at $42,270, marking a slight increase of 0.52 percent. Amidst this fluctuating landscape, Nigeria’s Yellow Card projects a significant boom in cryptocurrency once the country’s central bank relaxes its current restrictions.

Cool Yellow Metallic finish, complemented by a black roof and decals. Distinctive 'Fourth Generation Swift' graphics adorn the sides. Suzuki has opted for gloss black for the grille and fog lamp housing, with a matte black front splitter.

BSE) are going to conduct special live trading session in equity F&O segment. The BSE and NSE aims to switch to DR site through this special live session. Both BSE and NSE will conduct two special live trading session on January 20, 2024.

Gold vs stock market: As we welcome the dawn of 2024, it is important to scrutinize how different risky assets delivered in 2023. After end of last trade session of 2023 on Friday, Nifty 50 index has given 19.42% return in YTD, BSE Sensex surged 18.10% in 2023 whereas Nifty Bank index gained around 11.80 per cent in 2023. In year-to-date (YTD) time, small-cap index skyrocketed 46.30% while mid-cap index shot up 44.70 per cent in this time.