victorybull

Author: victorybull

  • Today’s gold price is Rs 50,450 per 10 gramme; silver is Rs 59,400 per kilogramme

    Gold, SIlver, Price, India,

    On Monday, the price of a gramme of 24 carat gold remained steady at Rs 50,450. Silver remained constant as well, selling for Rs 59,400 per kilogramme.

    On Monday, the price of 10 kilos of 22 carat gold remained steady, with the precious metal selling for Rs 46,250 per gramme.

    The price of 10 grammes of 24 carat gold in Delhi and Mumbai is the same as the price of 10 grammes of 24 carat gold in Bangalore, Hyderabad, and Kolkata, at Rs 50,450 each.

    On Monday, however, 10 kilos of 24 carat gold in Chennai was selling for Rs 51,670.
    The price of 10 grammes of 22 carat gold in Delhi and Mumbai is Rs 46,250, which is the same as the price of 10 grammes of 22 carat gold in Bangalore, Hyderabad, Kolkata, and Kerala.

    While 10 grammes of 22 carat gold costs Rs 47,370 in Chennai.

    The gold rates in India are influenced by a variety of factors, including international gold prices, local levies, and currency fluctuations.

    The price of gold varies by area due to numerous factors such as making costs, excise duty, state taxes, and so on.

    One kilogramme of silver costs Rs 59,400 in Delhi, Mumbai, and Kolkata, and Rs 59,400 in Bangalore, Hyderabad, and Chennai is Rs 63,700

  • Today’s gold price is Rs 51,490 per 10 gramme, with silver at Rs 60,800 per kilogramme

    International gold prices

    On Friday, the price of 10 grammes of 24 carat gold increased by Rs 490 to Rs 51,490, while the price of 1 kilogramme of silver increased by Rs 400 to Rs 60,800.

    On Friday, the price of 10 grammes of 22 carat gold increased by Rs 450, bringing the price to Rs 47,200. The price of 10 grammes of 24 carat gold in Delhi and Mumbai is Rs 51,490, which is the same as the price of 10 grammes of 24 carat gold in Bangalore, Kolkata, and Hyderabad.

    In Chennai, however, 10 grammes of 24 carat gold costs Rs 52,750.
    The price of 10 grammes of 22 carat gold in Delhi and Mumbai is Rs 47,200, which is the same as the price of 10 grammes of 22 carat gold in Bangalore, Kolkata, and Hyderabad.

    In Chennai, however, 10 grammes of 22 carat gold costs Rs 48,350. In Delhi, Mumbai, and Kolkata, a kilogramme of silver costs Rs 60,800, while the precious metal costs Rs 65,000 in Bangalore, Hyderabad, Chennai, and Kerala. The price of gold varies by region due to numerous factors such as making costs, excise duty, state taxes, and so on. The gold rates in India are influenced by a variety of factors, including international gold prices, local levies, and currency fluctuations.

  • Rupee falls to a new intraday low, but recovers when RBI intervenes

    Rupee falls

    The rupee struck a new intra-day low on Thursday, breaching the 77.5/$ barrier, as the US dollar strengthened, before the Reserve Bank of India (RBI) intervened to aid minimise its losses.The rupee finished the day at 77.43 per dollar, down 18 paise or 0.24 percent from its previous close of 77.24 per dollar.

    “As the dollar strengthened, the rupee dropped to a new all-time low today (Thursday).” However, losses were limited when the RBI intervened to reduce currency volatility. “The dollar surged after US inflation climbed in April,” said Gaurang Somaiya, Motilal Oswal Financial Services’ Forex and Bullion Analyst.

    On May 5, the rupee touched an all-time closing low of 77.47/$.Following the global uncertainty induced by the prolonged Russia-Ukraine conflict, investors pulled out of riskier assets, putting pressure on the rupee. So far in FY23, the currency has declined 2.1 percent versus the dollar, with a further 4% depreciation expected in 2022.

    To stem the rupee’s decline, the central bank has increased its intervention in the foreign exchange markets — spot, futures, and off-shore. As a result, since September 2021, the foreign exchange reserves have decreased by $45 billion.
    Total FX reserves have dropped below $600 billion, and the market anticipates reserves to drop further more before rising. For the week ending April 29, total foreign exchange reserves were $597.7 billion.

    The RBI stated its net forward assets were $65.79 billion at the end of March 2022, according to its half-yearly report on foreign exchange reserve management released on Thursday. According to the report on foreign reserve management, the RBI has boosted its gold reserves by over 100 metric tonnes in the last two years.

    The RBI owned 760.42 tonnes of gold at the end of March 2022, up from 653.01 tonnes at the same time in 2020 and 695.31 metric tonnes in 2021.

  • Rupee falls to a new low of 77.58 against the US dollar

    Indian rupee

    The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed to more aggressive Fed tightening amid deteriorating investor confidence hit down by the global economic slowdown.

    The currency began trading at 77.56 per dollar and fell to a new low of 77.58 per dollar. The local currency was trading at 77.57 per dollar at 9.30 a.m., down 0.4 percent from its previous close.

    The South Korean won dropped 1.05 percent, the Taiwan dollar 0.5 percent, the Chinese Renminbi 0.41 percent, the Philippine Peso 0.25 percent, and the Malaysian ringgit and Thai Baht each declined 0.2 percent.

    Last month, the US consumer price index increased by 8.3% over the previous month. This was lower than the 8.5 percent increase in March, which was the largest since 1981. Following similar hikes in June and July, analysts now expect the Federal Reserve to raise rates by half a point in September.

    Investors were particularly concerned about the Russia-Ukraine conflict and China’s COVID restrictions.

    Traders are now waiting for India’s consumer price inflation and industrial production index data, which will be released after 5.30 p.m. today. According to Bloomberg, the CPI will be 7.42 percent in April, up from 6.95 percent the previous month. IIP will be 1.3 percent in March, down from 1.7 percent the previous month.

    In response to increased oil costs and slower global growth, Morgan Stanley has lowered India’s GDP growth predictions to 7.6% for FY2023 and 6.7 percent for FY2024.

    The dollar index, which gauges the strength of the US currency versus other major currencies, was at 104, up 0.1 percent from its previous closing of 103.85.

  • Indices fall for the fourth day in a row as global equities markets tumble and FPIs retreat

    Sensex and Nifty indices

    The benchmark Sensex and Nifty indices dropped for the fourth day in a row on Wednesday, extending their month-to-date decline to over 5 per cent amid a global equity rout and sustained pull-back by foreign portfolio investors (FPIs).

    The US Federal Reserve’s (Fed’s) decision to aggressively hike interest rates and reduce balance sheets to catch up with inflationary pressures has wreaked havoc across risky assets in recent weeks. Add to that, global growth concerns due to China’s Covid-management approach and jump in commodity prices attributable to the disruption in supply chains caused by the Russia-Ukraine conflict.
    On Wednesday, the Sensex closed at 54,088 points, down 276 points or 0.51 percent.

    The Nifty ended the day at 16,167, down 73 points or 0.45%. Both indicators closed at their lowest levels since March 8. Both indices are down roughly 12% since the year’s top in January.

    Other worldwide markets have fallen even faster. The MSCI Emerging Markets (EMs) Index, for example, is down 28% from its peak in February last year, while MSCI China has more than halved.

    India is one of the most expensive emerging markets. In addition, due to its large reliance on imports, India has the weakest profit revision. Due to margin pressure caused by rising prices, several leading Indian corporations failed to reach consensus earnings projections in the March quarter.

    According to Bloomberg, 11 of the 28 Nifty50 companies that have released earnings thus far have missed projections, while 17 have at least met them. Cipla and Asian Paints were the most recent companies to declare profits that fell short of expectations.

    On Wednesday, only nine Sensex components rose, while 22 fell. Larsen & Toubro, Bajaj Finserv, and Bajaj Finance all lost more than 2% of their value. Axis Bank and IndusInd Bank both gained 1.9 percent and 1.4 percent.

  • Космолот работа отзывы: развитие IT-сектора

    Технологическое развитие

    Команда постоянно растет, о чем свидетельствуют многочисленные положительные космолот работа отзывы. Специалисты отмечают активное развитие технологического направления. В компании создаются все условия для профессиональной реализации IT-специалистов и развития инновационных проектов.

    Приоритетные проекты

    • Разработка новых решений
    • Модернизация платформы
    • Развитие инфраструктуры
    • Создание инновационных продуктов

    Перспективы

    IT-специалисты получают возможность работать над масштабными проектами, способствующими развитию технологического сектора. Компания инвестирует в развитие технологической инфраструктуры и создание современных решений.

    Рабочая среда

    Важным аспектом является создание комфортных условий для работы и профессионального роста специалистов. Это подтверждается постоянным расширением команды и успешной реализацией новых проектов.

  • Космолот работа отзывы: развитие IT-сектора

    Технологическое развитие

    Команда постоянно растет, о чем свидетельствуют многочисленные положительные космолот работа отзывы. Специалисты отмечают активное развитие технологического направления. В компании создаются все условия для профессиональной реализации IT-специалистов и развития инновационных проектов.

    Приоритетные проекты

    • Разработка новых решений
    • Модернизация платформы
    • Развитие инфраструктуры
    • Создание инновационных продуктов

    Перспективы

    IT-специалисты получают возможность работать над масштабными проектами, способствующими развитию технологического сектора. Компания инвестирует в развитие технологической инфраструктуры и создание современных решений.

    Рабочая среда

    Важным аспектом является создание комфортных условий для работы и профессионального роста специалистов. Это подтверждается постоянным расширением команды и успешной реализацией новых проектов.

  • To protect the rupee, the RBI may be cautious about spending FX reserves

    Reserve Bank of India

    When the Federal Reserve tightens, the Reserve Bank of India tries to defend its currency once more.

    Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is expected to increase throughout the year.

    To save ammunition amid a broad dollar surge spurred by expectations of aggressive monetary tightening by the Federal Reserve, the RBI may choose a limited intervention policy. According to analysts, the RBI’s stated goal is to reduce excessive currency volatility, and reserves have declined in recent weeks, indicating market involvement.

    On Monday, the rupee fell to a new low of 77.53 per dollar as the dollar rose further and amid rising petroleum prices, threatening to extend the trade gap to uncharted heights. Foreign funds have been fleeing the country’s equities at an unprecedented rate, and a central bank that delayed tightening policy until last week hasn’t helped matters.

    When compared to its emerging Asian peers, the rupee’s movements have been orderly during the last month. This year, the currency has lost about 4% of its value and sits in the middle of the Asian pack.

    India’s central bank is intervening in all foreign exchange markets, including offshore markets, and will continue to do so to defend the rupee, which fell to a record low on Monday. A spokeswoman for the central bank was not immediately available for comment.

    According to the most recent data, the country’s foreign reserves were $598 billion. Although this is down 7% from a record high of over $640 billion in September due to a combination of intervention and valuation revisions, it still performs well on key metrics such as import coverage and short-term debt obligations, according to Radhika Rao, the senior economist at DBS Bank Ltd.

  • In early trade, the rupee rose 17 paise to 77.17 against the US dollar

    interbank foreign exchange

    In early trade on Wednesday, the rupee rose 17 paise to 77.17 against the US dollar, as the American currency fell from its recent highs.

    The rupee began at 77.24 versus the dollar on the interbank foreign exchange, then gained further ground to quote at 77.17, up 17 paise from the previous close. The rupee also hit a low of 77.31 against the dollar in early trade.

    The rupee was trading at 77.34 against the US dollar on Tuesday.

    The dollar index, which measures the strength of the greenback against a basket of six currencies, was down 0.06 percent at 103.85.

    Domestic equities, firm crude oil prices, and ongoing foreign fund outflows, according to forex traders, could weigh on the currency and limit its gains.

    The 30-share Sensex was up 27.61 points, or 0.05 percent, at 54,392.46, while the wider NSE Nifty was up 8.30 points, or 0.05 percent, at 16,248.35 on the domestic equity market.

    Brent crude futures increased 1.83 percent to USD 104.34 per barrel, the global benchmark.

    According to stock exchange data, foreign institutional investors were net sellers in the capital market on Tuesday, offloading shares worth Rs 3,960.59 crore.

  • Investors are panicking as Bitcoin falls below the $30,000 level

    Cryptocurrency, Bitcoin, Market, News,

    On Tuesday, the global cryptocurrency market reached its lowest point in history, with Bitcoin falling below $30,000 a coin, sending millions of investors into a panic.

    The whole global cryptocurrency market fell 13%, hovering around $1.37 trillion in market capitalization, its lowest level this year.

    Bitcoin had dropped more than 55% from its all-time high of $69,000 in November of last year.

    Cardano (20%), Solana (16%), XRP (13%), BNB (16%), and Ethereum (16%) were among the digital assets that experienced double-digit percentage declines (10 per cent),

    According to experts, the combination of rising interest rates and declining economic activity has created a risk-off atmosphere.

    Terraform Labs (TFL), the company behind UST, LUNA, and the Luna Foundation Guard (LFG), has depleted its treasury wallet of all of its bitcoin (about 42,530 bitcoin) worth $1.3 billion.

    According to TechCrunch, the UST stablecoin lost its 1:1 dollar peg for the second time in three days on Monday, falling as much as 5.3 percent to 95 cents.

    The drop is due to concerns about the US Federal Reserve’s willingness to combat inflation. The Federal Reserve raised interest rates by 50 basis points last week.

    The GST council in India is considering a 28 percent tax on cryptocurrencies, similar to the present GST on casinos, betting, and lottery, which might further damper the attitude of crypto investors in the country.

    Bitcoin is worth approximately $650 billion and accounts for almost a third of the cryptocurrency market.