New Delhi: Tracking strong global cues, gold on Saturday soared by Rs 540 per ten grams to fresh all-time high of Rs 32,450 in the national capital. Prices of gold (99.5 purity) in Kolkata increased by Rs 620 to Rs 32,425, while rates in Chennai rose by Rs 710 to Rs 32,325 per ten grams. In Mumbai, the precious metal's rates surged by Rs 605 to Rs 31,955 on Saturday.
"The domestic gold prices are rising purely due to global development. After the announcement of potentially unlimited bond-buying by the European Central Bank (ECB) and unfavourable non-farm pay roll data of the US, international gold prices shot up," SMC Comtrade Chairman and Managing Director DK Aggarwal said.
Global prices rallied as poor non-farm employment data indicated serious job problems in the US and its weak economic situation, traders said.
The US data also brightened chances of announcement of stimulus package by the US Federal Reserve in its forthcoming meeting, Aggarwal said, adding that these developments are driving prices of gold and silver....more
08:14 PM, Sep 08, 2012
Mumbai: Led by ICICI Bank and RIL, the Sensex on Friday surged over 337 points - the biggest single day gain in two months - on all-round buying by funds after European Central Bank announced a potentially unlimited bond-buying plan to revive Eurozone's ailing economies. The BSE benchmark index, which had gained 33 points ahead of the ECB meet on Thursday, was off to a rollicking start on Friday tracking...
09:33 AM, Sep 07, 2012
Colombo: A day after skipper Kumar Sangakkara stepped down, turmoil continued in Sri Lanka's cricket team with vice-captain Mahela Jayawardene also quitting his post and the selection panel offering to resign en masse. Mahela has sent a letter stepping down from vice captaincy. The officials would soon meet to discuss a replacement, Sri Lanka Cricket chairman DS de Silva said. The national selection panel -- headed by Aravinda de Silva...
01:59 PM, Jan 12, 2008
New Delhi: If there was any doubt that this World Cup would be a tournament of upsets and giant-killings, New Zealand did a favour to all the favourites by putting Kenya in their place on Sunday. The Black Caps annihilated minnows Kenya by sweeping away their batting order and knocking off the paltry total of 69 runs in less than 10 overs. It did not need a brilliant run-out, nor...
11:00 AM, Dec 19, 2007