The Mamata Banerjee-led West Bengal government has announced a 4% hike in dearness allowance (DA) for its employees as part of the interim budget, PTI reported. The West Bengal government on Thursday, 5 February, tabled an interim budget of ₹4
Gold, Silver Prices Ease Today: Check 24K And 22K Gold Rates In Your City On January 16
Gold, Silver Prices Ease Today: Check 24K And 22K Gold Rates In Your City On January 16
Gold and Silver Rates Today, January 16: In Mumbai, the price of 24-carat gold rises to Rs 1,43,400 per 10 grams, while 22k gold is available at Rs 1,31,450 per 10 grams.
Gold and Silver Rates Today, January 16: Gold and silver prices eased on Friday, January 16, as investors booked profits. In Mumbai, the price of 24-carat gold rose to Rs 1,43,400 per 10 grams, while 22k gold was available at Rs 1,31,450 per 10 grams. These rates do not include GST and making charges. However, silver also touched its fresh all-time high of Rs 2,95,100 per kg in the spot market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 16?
In the international market, spot gold was down marginally at $4,599.2 per ounce on the COMEX. Spot silver slid to $90.05 per ounce.
With Iran's leadership trying to quell the worst domestic unrest the country has ever faced since the 1979 revolution, Tehran threatened on US military bases in the region, seeking to deter Trump's repeated threats of military intervention. At the White House, however, Trump suggested he was adopting a wait-and-see posture toward the crisis.
Trump said on Wednesday that he has no plans to fire Jerome Powell despite a Justice Department criminal investigation into the Federal Reserve chair, but it was “too early” to say what he would ultimately do.
Later in the day, investor focus will be on US weekly jobless claims for the first week of January to assess labour market conditions for more clues on monetary policy. Traders continue to anticipate two interest rate cuts this year.
A low-interest-rate environment, geopolitical and economic uncertainty traditionally favour non-yielding assets such as gold.
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Source: News18
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The Mamata Banerjee-led West Bengal government has announced a 4% hike in dearness allowance (DA) for its employees as part of the interim budget, PTI reported. The West Bengal government on Thursday, 5 February, tabled an interim budget of ₹4
1 months ago
