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Gold prices have fallen sharply in futures trade due to weak spot demand across major Indian cities. In futures contracts, the price declined by Rs 2,178 for December delivery on the Multi Commodity Exchange. Major cities like Bengaluru, Mumbai, and Delhi recorded decreases in the rates of 24K, 22K, and 18K gold. Prices dropped in different categories indicating a broader trend of weak demand.
As Diwali approaches, Indian stock exchanges celebrated a remarkable boost, seeing both Sensex and Nifty climb significantly. This positive shift was driven by a hefty influx from foreign institutional investors, who recorded their highest single-day purchases in the last six years. Additionally, lower crude oil rates and a strengthened rupee enhanced market confidence.
IOC, BP & HP Question Cong Govt's Sampling & Testing Methodology