New Delhi: Gold has become cheaper. Today there has been a fall in the price, after which new rates of 10 grams of gold have also been issued. If you want to buy gold, then we are giving you information about today’s rate. According to HDFC Securities, the price of gold fell by Rs 59 on Monday, after which the price of 10 grams of gold rose to Rs 46038. In the previous trade, 10 grams of the precious metal had closed at Rs 46097.
Silver also declined by Rs 196 to Rs 60,369 per kg from Rs 60,565 per kg in the previous trade. In the international market, gold was marginally lower at $ 1756 an ounce and silver was flat at $ 22.59 an ounce. HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Gold on Monday traded marginally lower at $ 1756 an ounce in Comex.”
Sensex, Nifty at record highs, TCS down over 6 per cent
The BSE Sensex closed at a record 60,136 points with a gain of 77 points on Monday. The market firmed up with gains in HDFC Bank, ICICI Bank and ITC, which had strong stake in the index. The Sensex based on thirty shares had gone up to a record level of 60,476.13 during trading at one time. In the end, it closed at 60,135.78 with a gain of 76.72 points or 0.13 percent. Similarly, the Nifty of the National Stock Exchange closed at 17,945.95, up 50.75 points, or 0.28 per cent.
Maruti’s stock was the biggest gainer with a gain of about 4 percent in the Sensex shares. Apart from this, Power Grid, ITC, NTPC, SBI, Mahindra & Mahindra, Kotak Bank and HDFC Bank also gained majorly. On the other hand, TCS suffered the maximum loss of 6 per cent. The stock came down as the company’s second quarter results were not in line with market expectations. The company had announced the financial results after the market closed on Friday last week. Its consolidated net profit stood at Rs 9,624 crore, up 14.1 per cent for the quarter ended September 2021.
According to Emkay Global’s report, TCS’ second quarter results were not in line with market expectations. The company’s pre-tax earnings and earnings were lower than expected. Besides TCS, Tech Mahindra, Infosys, HCL Tech and Reliance Industries were down up to 2.76 per cent. Narendra Solanki, Head of Equity Research (Fundamental) Anand Rathi said that the domestic market opened well with a positive trend in the global markets. Concepts were bolstered by the easing of travel rules for people who have been vaccinated in eight countries, along with a reduction in cases of Kovid infection.
“The market was in good shape even in the afternoon trade. Interest rate-linked auto, realty and public utility services stocks rose. Traders were also buoyed by the good growth in the country’s exports. Exports during April-September of the current financial year have reached $197 billion.” According to Solanki, the news of foreign portfolio investors buying Rs 1,997 crore so far in October also had a positive impact on the sentiment. In other Asian markets, Hong Kong and Tokyo were in gains while Shanghai was in losses. In the major markets of Europe, there was a declining trend in the afternoon trading in most of the markets. Meanwhile, international oil benchmark Brent crude rose 2.12 per cent to $84.14 per barrel.