Gold price rally eases slightly while stock market tanks ahead of Dhanteras, Diwali

October 26, 2024

written by

October 26, 2024 0 comment

Oct 26, 2024 12:20 PM IST

Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams compared to ₹80,253.0 for 10 grams yesterday, while the stock market crashed this week

Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams today on Saturday, October 26, 2024, while it was ₹80,253.0 for 10 grams yesterday. Last week on October 20, 2024, the price was ₹79,593.0 for 10 grams.

79,763.0 for 10 grams today on Saturday, October 26, 2024, while it was ₹80,253.0 for 10 grams yesterday.(Representational Image/Unsplash)” title=”Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams today on Saturday, October 26, 2024, while it was ₹80,253.0 for 10 grams yesterday.(Representational Image/Unsplash)”>

Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams today on Saturday, October 26, 2024, while it was ₹80,253.0 for 10 grams yesterday.(Representational Image/Unsplash)

This comes on the backdrop of the festive season with Dhanteras coming on Tuesday, October 29, 2024, and Diwali starting on October 31, 2024.

The prices of gold in general have risen 30% compared to the same period last year and these are attributed to a number of factors including geopolitical tensions such as the Russia-Ukraine war, the Israel-Gaza conflict, the decision of China’s central bank to reduce its 1-year and 5-year prime loan rates by 25 basis points, and so on.

The high prices of gold are in sharp contrast to the stock market which tanked this week.

Also Read: Germany increases visa quota for skilled Indian workers to 90,000 from just 20,000 earlier

How did the stock market perform this week?

The stock market experienced a crash, closing down in the red after the trading session for the week ended on Friday, October 25, 2024.

The benchmark BSE Sensex closed at 79,402.29, which is a fall of 662.87 points or 0.83%.

The NSE Nifty on the other hand, closed at 24,180.80, plummeting 218.60 points or by 0.9%.

Also Read: Nvidia overtakes Apple to become the world’s most valuable company, for the second time this year

IndusInd Bank Ltd, Adani Enterprises Ltd, and Bharat Petroleum Corporation Ltd fell the most out of the 50 Nifty companies by 18.99%, 4.90%, and 4.82% respectively.

Most of the NSE sectoral indices closed in the red except for FMCG, PSU Banks, Healthcare, and MidSmall Healthcare.

Consumer Durables fell the most by 2.60%, followed by Oil & Gas at 2.54%, and Metal at 2.42%.

Also Read: Meta signs multi-year deal with Reuters for real-time news in AI chatbot: Report

Stay updated with the…

Story Saved

New Delhi ⁰C

Saturday, October 26, 2024

// // //

Copyright 2024 - All Rights Reserved - Janashakti.News

Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams compared to ₹80,253.0 for 10 grams yesterday, while the stock market crashed this week

How did the stock market perform this week?

About Us

‘Democracy first, humanity first’: What PM Modi said in Guyanese parliament

Recent Articles

Featured

Copyright 2024 - All Rights Reserved - Janashakti.News

Gold price rally eases slightly while stock market tanks ahead of Dhanteras, Diwali

Gold rates in Delhi dropped slightly to ₹79,763.0 for 10 grams compared to ₹80,253.0 for 10 grams yesterday, while the stock market crashed this week

How did the stock market perform this week?

Row over Shivraj Singh Chouhan’s son remark that ‘not even a brick will be laid if Congress wins Budhni even by mistake’

At least 75 people are sick after the deadly McDonald’s E. coli outbreak expands

You may also like

Leave a Comment Cancel Reply

About Us

Recent Articles

Featured