The gold futures contract lost 0.72% on Wednesday, as it retraced some of its Thursday’s-Friday’s rally. The gold price broke above a short-term consolidation along $1,800 price level last week.
Centre to Issue Sovereign Gold Bonds in 6 Tranches: Issue Price, Interest Rates
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
PMC Bank: Eighteen Months Later, RBI Works On Lone Option For Resolution
PMC Bank: Eighteen months after the Reserve Bank of India placed Punjab And Maharashtra Cooperative Bank Ltd (PMC Bank). under restrictions, the regulator’s options to resolve the insolvent lender have dwindled.
Gold Price Slip. Experts Say ‘Good Chance’ for Buyers
Gold price at Multi Commodity Exchange (MCX) dipped ₹311 after closing at ₹47,640 per 10 gm mark on Tuesday. However, silver price continued to scale and closed ₹338 higher from its Monday close. Silver on Tuesday had a closing price of ₹71,882 per kg.
Akshaya Tritiya May 2021: सोना खरीदना मानते हैं शुभ, सुख-समृद्धि में होगी बढ़ोतरी
Akshaya Tritiya May 2021: Akshaya Tritiya is considered to be a highly auspicious Hindu festival. It is also known as Akha Teej. It is believed that the day brings good luck and success. Akshaya Tritiya falls during Shukla Paksha Tritiya in the month of Vaishakha, according to the Hindu Panchang.