Gold December futures traded in a range on Tuesday as fresh doubts about a trade deal between the United States and China dented appetite for riskier assets.International Gold hit the highest level since November 7. Citing a government source, CNBC reported that Beijing was pessimistic about a trade deal with the United States.Gold December futures were trading with a loss of Rs 189 or 0.49 percent at Rs 38,040 per 10 gram at 18:25 hours IST.Close Gains in equities and rupee's rise against the US dollar also weighed on gold prices. related news 'Little clarity on US-China trade deal, gold investors getting impatient' Oil falls from two-month high as US-China trade doubts dominate Gold price down Rs 179 at Rs 38,275 per 10 gram; silver slides 0.5% Sensex settled 186 points, or 0.46 percent, up at 40,469.70, while Nifty finished with a gain of 56 points, or 0.47 percent, at 11,940.10.The rupee recovered from initial losses to settle higher by 13 paise at 71.71 against the US … [Read more...] about Gold price today: Yellow metal trades volatile amid US-China trade talks; buy on dips
Gold price gained Rs 53 to Rs 38,310 per 10 gram in Mumbai's bullion market on a stronger rupee and uncertainty over US-China first phase trade deal.The rate of 10 grams 22-carat gold in Mumbai was Rs 35,092 plus 3 percent GST, while that of 24-carat 10 gram was Rs 38,310 plus GST. The price of 18-carat gold was quoted at Rs 28,733 plus GST in the retail market.Silver prices gained Rs 280 to Rs 45,000 per kg from its closing on November 21. Gold rose 0.16 percent for the week, and Silver was up 1.39 percent.Close The gold/silver ratio, which reflects the amount of silver required to buy one ounce of gold, currently stands at 85.13 to 1. related news DHFL postpones release of financial results; new date to be announced later Bank loan fraud: ED arrests former Bhushan Steel CMD Sanjay Singhal SBI raises Rs 3,814 cr from perpetual bonds In the futures market, Gold prices touched an intraday high of Rs 38,058 and an intraday low of Rs 37,916 on MCX. For the December … [Read more...] about Gold price gains Rs 53 at Rs 38,310 per 10 gram; up 0.16% for the week
Oil and Natural Gas Corporation's cash and bank balances tanked to Rs 504 crore in March – according to a report in The Indian Express.In March 2018, cash and bank balances stood at Rs 1,013 crore while a year earlier it was Rs 9,511 crore.The freefall in the upstream petroleum major's cash reserves is particularly concerning as it is India's largest oil explorer – accounting for 60 percent of the country’s crude oil production.Close While the slide is precipitated by two deals involving ONGC's stake buys in Hindustan Petroleum Corporation Ltd and GSPC, the government has maintained that the company has "sufficient lines of credit from banks and strong access to capital markets" to maintain its working capital requirements. related news Bill to ban production, sale of e-cigarettes in Lok Sabha Patidar leader Hardik Patel extends support to JNU students' protest In-Depth | Unbowed, Unbent, Unbroken: An anatomy of JNU students’ protest against fee hike … [Read more...] about ONGC’s depleting cash reserves hit exploration spends: Report
Today is Akshaya Tritiya - that time of the year for many of us to buy gold. It’s believed to be an auspicious day to start new ventures as well. And because Akshaya Tritiya comes in the middle of the wedding season that is upon us already, most of us have our trips planned to local jewelers.But buying gold costs money and its prices go up and down, just like any other asset. Typically, we always suggest to be a bit cautious in buying gold to ensure you don’t go overboard (we Indians love our gold, do we not?). The good news is, this Akshasya Tritiya might just be a good occasion to buy gold. Moneycontrol has been saying for some time already.Gold prospectsClose Gold prices may move upwards in the next couple of years as the macro- economic picture changes globally. If you have been tracking US President Donald Trump’s tweets for the last couple of years, you would have noticed by now that the world trade and international relations are changing. The tariff wars … [Read more...] about Country celebrates Akshaya Tritiya today; is it time to invest in gold?
advertisement advertisement Politicians seem to have temporary set aside the debate about improving our schools, but you can bet that when the issue rises again, one solution will be raised, over and over: Improving student/teacher ratios–that is, hiring more teachers. But is it really a silver bullet for increasing results? What sort of results can we expect? The graph above offers a few clues–but unraveling them takes a bit of explanation. The crucial point being: Adding teachers might improve student performance relative to past results, but it’s a weak lever for effecting aggregate improvements. So, let’s dig into the graph. Each of the lines–colored in blue or green–represents data from a single state. To the left is that state’s student/teacher ratio; to the right is that state’s average SAT score. The graph looks sort of confusing at first, but it actually does a pretty good job at showing that student/teacher ratios and … [Read more...] about Infographic of the Day: Does Adding Teachers Improve Education?