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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Gold Price Today: Yellow metal remains resilient, trades at Rs 89,750/10 gms; silver above Rs 1 lakh/kg
Silver May futures were trading around Rs 1,01,500/kg, up by 0.18% or Rs 187.
On Thursday, gold and silver settled on a positive note in the domestic and international markets. Gold June futures contract settled at Rs 89,305 per 10 grams with a gain of 1.01% and silver May futures contract settled at Rs 1,01,313 per kilogram with a gain of 1.84%.
Gold and silver skyrocketed amid safe-haven buying due to U.S. trade tariff uncertainties in the global economy. The U.S. imposed tariff of 25% on the import of automobiles and which increased worries about the implementation of reciprocal tariffs from 2nd April.
Global equity markets were mixed to negative and supported safe-haven buying for precious metals. Gold prices hit lifetime highs and are inching closer to $3,100 per troy ounce levels and silver prices crossed $35 per troy ounce levels and hit 13-year highs.
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The U.S. economic data released on Thursday were mixed; the reading of final GDP was slightly better, but jobless claims increased once again.
Today, the US Dollar Index, DXY, was hovering near the 104.29 mark, gaining 0.03 or 0.03%.
“We expect gold and silver prices to remain volatile in today’s session amid volatility in the dollar index and the US trade war but gold and silver could hold its support levels of $3,040 and $33.40 per troy ounce levels respectively on a weekly closing basis,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.
Gold and silver prices could show further strength due to tariff uncertainties, he
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21.05 / 10:17
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Booking
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
21.05 / 10:17
markets
UPS
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SpaceX
Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
Digital
CEO
War
Omnicom
RK Swamy bets on integrated advertising model as global agency giants split media and creative
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21.05 / 09:47
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21.05 / 09:47
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Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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Subscribe to enjoy similar stories.MUMBAI: India’s listed electronics manufacturers are under pressure to defend profitability as the mobile-phone assembly boom slows, prompting a shift towards higher-value industrial electronics.Investors remained jittery through the last fiscal, driven by concerns that slowing consumer sentiment could weigh on the rapid growth that electronics manufacturing services (EMS) firms have delivered so far.In an interview with Mint, Jasbir Singh Gujral, managing director of Syrma SGS Technology Ltd, India’s second-largest listed EMS firm, said, “We’re increasingly looking to capture a larger chunk of contracts from defence, aerospace and med-tech verticals, all of which represent opportunities for original design manufacturing, and also bring significantly higher margins. We’ve already started this transition, and we plan to do more of it this fiscal.”Beyond mobile phones and laptops, EMS firms are expanding into smart metres for electricity boards, aerospace and defence subsystems, railway safety instrumentation, printed circuit boards and display assemblies, and medical devices deployed in hospitals.India’s annual mobile phone shipments have remained subdued since the covid-19 pandemic, with industry estimates pointing to a single-digit decline this calendar year from 152 million smartphones shipped last year.The margin pressure driving this shift is increasingly visible.In FY26, Syrma SGS reported an operating margin of 7.1%, up 2.3 percentage points.
