Yellow Financial News

Gold rate today: On account of US dollar gaining strength and US dollar index climbing up to 11-week high of 104.25 levels, gold prices in international and domestic market continue to trade flat. Gold future contract on Multi Commodity Exchange (MCX) for October 2023 expiry opened lower at ₹58,743 per 10 gm levels and went on to hit intraday low of ₹58,696 levels.

Artificial intelligence (AI) is one of the buzzwords of today. Its application has extended to various fields, including marketing and finance. From small to big businesses, everyone is looking at leveraging this technology. One of its most promising uses has been for data analysis and understanding consumers, which is now helping businesses in inventory management and supply chain. Predictive analytics uses AI and machine learning to predict trends and come up with business solutions.

₹12,000 crore so far. -Heavy rains on Wednesday led to 13 deaths in Himachal Pradesh in 24 hours with the death toll mounting to 361 since June 24 in the state as per data available with the state disaster management officials as reported by ANI. -Rains also led to water logging in the new OPD block of Indira Gandhi Medical College and Hospital in Shimla.

Weather update: The India Meteorological Department (IMD) has predicted heavy to very heavy over heavy rains in several states till 26 August. As per IMD, heavy to very heavy rain has been predicted in Odisha, West Bengal and Sikkim, Bihar, Assam & Meghalaya, Arunachal Pradesh In Himachal, IMD has issued a yellow alert in the state for today.

Over the past month, gold and silver prices have been declining, mainly due to a stronger US dollar and the possibility of continued interest rate hikes by the Fed.

In the international markets, Spot gold rose 0.3% to $1,920.60 per ounce after hitting its highest level since August 10. US gold futures were flat at $1,948.70. However, the October gold futures were trading at Rs 58,790 per 10 grams on the MCX at 10.26 a.m.

real estate as trucking companies look to capitalize on a rare chance to snap up coveted freight terminals across North America. Old Dominion Freight Line last week agreed to buy Yellow’s network of about 170 truck terminals for $1.5 billion, surpassing an earlier offer of $1.3 billion from rival trucker Estes Express Lines. Both bids exceeded the value Yellow placed on its real estate in its bankruptcy filing, signaling the high value trucking companies place on the sites.

₹58648 per 10 grams around 10:40 am. As per a Reuters report, the dollar index was below the two-month highs, while a rally that took US Treasury yields to nearly 16-year highs took a pause, giving some respite to gold. Gold prices settled higher in the international and domestic markets in the previous session after downbeat US existing home sales data and perceived buying at lower levels after the yellow metal hit five-month lows.

CNBC-TV18 on Tuesday. The Department of Consumer Affairs (DoCA) and the Bureau of Indian Standards (BIS) have approved the proposal and an official notification is expected in the next few days, said the report citing sources. Currently, the sale of gold across 288 districts is allowed only if the yellow metal is hallmarked.

Thaksin Shinawatra on Tuesday set foot on home soil for the first time since 2008, returning from self-exile to a Bangkok jail just hours before his allies attempt to form a government after weeks of political deadlock. Thaksin, the billionaire figurehead of the populist juggernaut Pheu Thai Party, fled abroad 15 years ago before he was jailed in absentia for abuse of power, two years after the military overthrew him and accused him of corruption and disloyalty to the powerful monarchy, which he denied. Thaksin appeared briefly with family members at a private jet terminal at Bangkok's Don Mueang airport, smiling and waving to hundreds of ecstatic supporters, before he was escorted by police to the Supreme Court, then to a prison to serve a term of eight years. As he emerged from the airport wearing a black suit, red tie and yellow lapel pin bearing a royal insignia, Thaksin bowed to the crowd in a traditional «wai» greeting before kneeling to pay respects before a portrait of the king and queen. «For the past 17 years, you felt isolated, lonely, troubled and missing home but you persevered,» said Thaksin's sister Yingluck, whose three-year stint as prime minister also ended in a coup, a criminal conviction and self-exile. «I will be strong and persevere.

The India Meteorological Department (IMD) has forecast heavy to very heavy rain, thunderstorm accompanied by lightning or very intense to extremely intense spell of rain is very likely to occur at isolated places in Uttarakhand's Dehradun, Tehri, Pauri, Nainital, Champawat and Bageshwar districts in the next 24 hours, ANI reported The weather department has issued an orange alert for Dehradun, Pauri, Nainital, Champawat and Bageshwar districts while a yellow alert has been issued for Haridwar, Tehri, Chamoli, Udham Singh Nagar and Pithoragarh districts. Heavy rains in Uttarakhand had triggered landslides and flash floods in several places, officials said.

Himachal Pradesh's Mandi district. Reportedly, the situation isn't life-threatening and authorities are working on getting the trapped people rescued soon. 1) Around 17 bodies have been recovered after a landslide in Himachal Pradesh's Summer Hill region on August 14.

Also read: Himachal Pradesh, Uttarakhand reeling from devastating monsoon, massive damage and loss of life. 10 updates Since the onset of the monsoon season in Himachal Pradesh on June 24, 338 people have lost their lives in rain-related incidents and road accidents, with 38 individuals still missing, according to the state's emergency operation centre. Of these, 221 people have perished directly due to rain-related incidents.

The U.S. government says it is formally requesting a dispute settlement panel in its ongoing fight over Mexico's limits on genetically modified corn

Ahead of national elections next week, some people in Zimbabwe's rural areas say they are facing intimidation from supporters of the long-ruling ZANU-PF party and a biased state-run media that restricts their options

Kullu administration on Saturday shared the details on the condition of roads in the district. The administration mentioned the roads that were blocked, or restricted partially in order to ensure the public face no inconvenience. As per the release from the Kullu administration, the Kullu-Mandi road via Pandoh is blocked due to landslides while the route via Kamand road is open but only one way, and that too for the LMVs (Light Motor Vehicles) which includes cars and motorbikes, not buses or other heavy vehicles.

By Saqib Iqbal Ahmed and Laura Matthews

Investing.com — The conviction that gold has found a secure home at above $1,900 is being challenged by lower monthly milestones in the yellow metal’s price. And a fourth weekly loss.

Investing.com -- Bond yields pull back slightly following a surge on Thursday that weighed on the main indices on Wall Street, while Bitcoin tumbles after a news report claimed that billionaire Elon Musk's SpaceX wrote down the value of the cryptocurrency that it owns. Elsewhere, indebted developer Evergrande files for bankruptcy protection in the U.S., as problems continue to mount in China's massive property sector.

₹58,398 per 10 grams as against the previous close of ₹58,290 and the opening price of ₹58,370 on the MCX. Silver futures traded 0.54 percent higher at ₹70,394 per kg. International gold rate rose from 5-month lows as the US dollar and bond yields slightly retreated from highs.

The MCX October gold futures were trading with gains at Rs 58,399 per 10 grams on the MCX, up Rs 109 or 0.19% from Thursday's closing price. Meanwhile, September Silver futures were at Rs 70,400, higher by Rs 382 or 0.55%. Track prices here On the Comex, gold futures were trading at $1,922 per troy ounce on Friday, up $7.30 or 0.38% while silver futures were at $22.8900, lower by $0.175 or 0.770%.