Connect with us

Business

Down Rs 7000 from record highs,Gold prices fall again ; Silver tumbled 1%.

Published

4 years ago

on

Gold and silver prices continued to be under pressure in Indian markets today. On MCX, gold futures fell 0.4% to ₹49,460 per 10 gram, extending last week’s sharp fall, while silver tumbled 1% to ₹58,473 per kg. Last week, gold prices in India had tumbled ₹2,000 per 10 gram in India while silver plunged ₹9,000 per kg. As compared to is August 7th highs of ₹56,200, gold is down about ₹7,000 per 10 gram.

In recent days, gold has been under pressure amid a resurgent US dollar, which is being seen as the preferred safe haven asset amid renewed risk aversion in global financial markets. Global risk sentiment has weakened as rising virus cases especially in Europe have rekindled worries about fresh lockdowns though counties have not yet resorted to large-scale lockdowns.

In global markets, gold prices were steady after last week’s battering. Spot gold was little changed at $1,860.19 per ounce as the US dollar rally took a pause. The dollar index was down 0.14% against rivals, after hitting a two-month high last week. A softer dollar makes bullion cheaper for holders of other currencies.

Gold traders moved to the sidelines ahead of Tuesday’s the first US presidential debate between President Donald Trump and Democratic opponent Joe Biden.

Asian stock markets were mostly higher today after data over the weekend showed profits at industrial companies in China grew for a fourth consecutive month in August.

Gold investors also looked for any signs of breakthrough in talks for further stimulus in the US. Over the weekend, US House Speaker Nancy Pelosi said a deal could be reached with the White House on a coronavirus relief package and that talks were continuing.

Despite the recent price drop, ETF investors remained on the sidelines. Holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell 0.02% to 1,266.84 tones on Friday.

In India, the drop in gold pries triggered some uptick in retail demand last week, dealers said. (With Agency Inputs)

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending