AgenciesSilver also plunged Rs 390 to Rs 61,955 per kilogramme.
"Spot gold prices in the Delhi markets traded at Rs 55,025 per 10 grams, down Rs 80 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
In the overseas market, gold was trading flat at USD 1,815 per ounce while silver was down at USD 20.02 per ounce.
"COMEX Gold prices traded flat in the Asian trading hours on Thursday amid worries that more aggressive US interest rate rises are expected in the future from the Fed.
Thursday, 09 Mar, 2023- Front Page
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Short-term Yields Up, Re Down After Powell Rate SignalBond yields at the shorter end of the curve exceeded those of long-tenor sovereign debt in India while the rupee retreated Wednesday, reflecting the likelihood of outflows from local assets after the US Federal Reserve indicated rates would continue to harden.
India to Top China as Walmart’s Largest Int’l Market in ’23: CFOIndia is likely to surpass China and emerge as the largest international market for Walmart this year, a top company executive said.
Sebi Mulls PCVs to Offer Long FundingAmid allegations of fierce valuation games that drive startups to dress up numbers and venture capitalists to spin stories to investors, the idea of permanent capital vehicles (PCVs) to offer long, patient funding to unlisted outfits of Indian entrepreneurs is being explored.
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