Gold prices today at Rs 47,960 per 10 gram, silver at Rs 48,670 per kg
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Gold prices jumped to Rs 47,960 from Rs 47,950 per 10 gram, while silver went up to Rs 48,670 from Rs 48,660 per kilogram on Saturday, according to the Good Returns.
The prices of gold jewellery vary across India, which is the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, the price of 22-carat gold is holding steady at Rs 46,760 per 10 gram, while in Chennai it is Rs 46,090. In Mumbai, the rate is Rs 46,860, according to Good Returns website. Prices of 24-carat gold prices in Chennai is Rs 50,280.
On MCX, August gold futures rose 1.23% to Rs 47,937 per 10 gram. Silver July futures also rose nearly 1.62% to Rs 48,636 per kilogram. MCX has decided to accept gold and silver bars refined at domestic refineries for deliveries, subject to final regulatory approval.
On the US-China front, sentiments improved after China said it planned to accelerate purchases of American farm goods to comply with the phase one trade deal.
In the international market, gold was trading with gains at $1,729 per ounce and silver at $17.49 per ounce.
Meanwhile, a surge in new infections in several US states and the imposition of travel curbs in Beijing to stop a new outbreak served as a reminder of the risks of reopening economic activity before a vaccine has been developed.
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At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
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Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
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The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
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Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
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Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
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