Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Gold prices fall as rise in Sensex, Nifty boost risk appetite.


Date: 23-10-2018
Subject: Gold prices fall as rise in Sensex, Nifty boost risk appetite
As stock markets gained slightly of late, improving investor appetite for risk, gold plunged on Monday with a slightly stronger US dollar also sapping bullion’s appeal. The spot gold was down  0.2 percent at $1,223.05 an ounce at 1302 GMT, having hit a 2-1/2-month peak last week at $1,233.26 per ounce. The US gold futures plunged 0.2 percent at $1,226.90 an ounce,. Reuters reported.

“The fundamental outlook for gold is still looking a little bleak despite the recent recovery, so I would not be surprised if gold was to falter from here,” Reuters reported citing Fawad Razaqzada, an analyst with Forex.com.

Geopolitical concerns, including tensions between Saudi Arabia and the West over the killing of journalist Jamal Khashoggi, and developments related to Brexit were seen keeping some investors favourably disposed towards gold, Reuters reported.

Meanwhile, Sensex and Nifty — the benchmark indices of the Indian stock markets — slipped into the negative territory during the last hour of trade, extending losses for the second consecutive session on Monday. Profit booking by investors, along with a weak rupee on the back of rising crude oil prices, and consistent outflow of foreign funds, pulled the stock markets lower despite favorable global markets.

The BSE Sensex, which surged over 400 points in early morning trade, shed over 614 points from the day’s high to close Monday’s trade at 34,134.38 points, down 181.25 points or 0.53% from its previous close. Reliance Industries was the top contributor to the Sensex’s fall, wiping off 127 points from the index. RIL share price was followed by IndusInd Bank (-67.97 points), Kotak Bank (-39.14 points), Infosys (-16.64 points), Asian Paints (-16.56 points) and Infosys (-16.08 points).

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001