Union Budget 2022: MCX gold Trades Flat, May touch Rs 48000 per kg Today [01-02-2022]

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading flat with a positive bias on Tuesday, ahead of Union Budget 2022 presentation. On Multi Commodity Exchange, gold April futures were trading Rs 18 up at Rs 47650 per 10 gram, as compared to the previous close of Rs 47,632. Silver March futures were also flat with some positive bias, trading Rs 22 up at Rs 60,998 per kg.

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Adani Wilmar IPO Subscription Status: Day 3 Live Updates

Adani Wilmar IPO Subscription: Retail and non-institutional investors continue to pile into the initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, on the third day.

The IPO was subscribed 1.13 times on the second day and 57% on day one.

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Sensex, Nifty Open Higher; I.T. Stocks Lead Advance

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic stock markets enter Monday’s trading session after a volatile week that saw Sensex slip 0.51% and the Nifty 50 end 0.3% lower. S&P BSE Sensex currently sits at 57,200 and the Nifty 50 is at 17,102. Ahead of the day’s trading session, SGX Nifty was up more than 100 points hinting at a positive start. Global cues were also suggesting positive momentum building up. Wall Street equity indices closed with large gains on Friday while Asian markets were up in the green. 

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Gold Market As The Farmers Would Produce Less Output

Gold Silver Reports ~ As the winter is unlikely to bring bright prospects for India’s rabi crops, it will dent the rural demand for gold also in this wedding season. Experts expect 10-15% dip in country’s gold purchaes this year as farmers are likely to reduce gold buying on account of poor kharif crops, the expected down in rabicrops and low commodity~prices.

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