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20April
Gold prices fall over Rs 1,200 per 10 grams in less than a week as yellow metal sees profit booking
Gold prices eased Rs 1,220 per 10 grams from its record high level hit last week on the signs of the containment of coronavirus spread which damped the demand for the safe-haven asset, says Jigar Trivedi, Fundamental Research Analyst – Commodities, Anand Rathi Shares and Stock Brokers. Gold June futures were down 0.40 per cent or Rs 183 to Rs 45,552 per 10 grams. Silver May futures were trading flat at Rs 42,807 per kg
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The headline indices BSE Sensex and Nifty 50 were trading in positive territory on Friday as Reserve bank of India (RBI) announced 25 bps cut in reverse repo rate. Apart from this, firm global cues also supported the benchmark indices. BSE Sensex was trading 667 points or 2.18 per cent higher at 31,270, while the broader Nifty 50 was ruling at 9,183, up 191 points or 2.12 per cent. The top Sensex gainers were TCS, Power Grid, ICICI Bank
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