Gold Price Today: Yellow metal prices shoot above Rs 73,000/10 grams; silver rises over Rs 87,000/kg
Gold Price Today: Yellow metal opens above Rs 72,000/10 grams; silver at Rs 84,637/kg
Gold prices held steady on Monday as investors awaited key U.S. inflation reports, which could shed more light on the timing of the Federal Reserve's first rate cut.
Short-term volatility? Yes, but operating landscape might be changing: 5 metal stocks with upside potential of up to 20%
After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. The reason, global metal prices are decided by two things, first is the state of the Chinese economy and second is how the US dollar behaves in the global markets. On the first, there are initial indications that after close to more than two years, things are turning better. The most reliable indication came last month with better than expected GDP numbers. On the second front, there is still lots of uncertainty thanks to flip-flops by the US Fed on interest rate cuts. Now if one looks at the metal stocks, they have sort of out performed volatile Indian markets. But given the fact that these days, too much money flows into stocks where there is even a slight bit of positive development, the possibility that these stocks may turn volatile if there was more pressure on the broader market. However, when the tide turns, because the operating matrix of the companies would be better if the China recovery continues, there is a high probability of them turning into relative outperformers.
Metal stocks rally up to 14% on China demand
Shares of metal giants Vedanta and Hindustan Copper surged by 4% on BSE to Rs 410.45 and Rs 372.25, respectively, while Hindustan Zinc saw a remarkable 14% leap to a new 52-week high of Rs 520. The surge is attributed to heightened demand from China, a major player in the global metal market.
Next week, market will be up & about; 5 metal stocks to bet on: Sanjiv Bhasin
Market volatility expected amid election results, with focus on stock-specific gains in PSUs and metal counters like NALCO, NMDC, SAIL, Vedanta, Coal India. Midcaps show resilience, offering opportunities in metals, ABB, Siemens, Bharat Forge, Thermax, and FMCG.
Sai Swami Metals shares list at 90% premium over issue price
Sai Swami Metals share Price: Sai Swami Metals debuted on the BSE SME platform with a 90% premium, opening at Rs 114 compared to its issue price of Rs 60. Pre-listing, the stock traded with a Rs 50 premium in the unlisted market.
Gold Price Today: Yellow metal rises to Rs 70,876/10 grams, silver at Rs 81,785/kg
Gold Price Today: Gold prices firmed on Monday as expectations that the Federal Reserve will start cutting interest rates later in the year and tensions in the Middle East boosted the allure of the non-yielding bullion.
Why are metal stocks rallying: Explained!
Metal stocks have been on a roll lately. The Nifty Metal index has been up significantly, with gains of over 50%, in the last one year.
Amkay Products IPO sees over 100x subscription on Day 2; Sai Swamy Metals issue booked over 60x
Sai Swamy Metals IPO is entirely a fresh equity issue of 25 lakh shares and the company aims to raise nearly Rs 15 crore. The shares are being offered at Rs 60 apiece, and investors can bid for 2000 shares in one lot.
Precious Metals Future Prices
Precious Metals Spot Details
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