Gold prices have surged to new heights this year. In January, gold started at $2,058 per ounce. It dipped to $1,992 per ounce in February but reached an all-time high of $2,740 per ounce in October. This increase translates to a 38% gain in global markets. In India, gold prices also soared, hitting ₹78,500 per 10 grams, marking a 29% rise.
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📌City Union Bank Ltd saw a significant price movement today, with a high of Rs 173 and currently trading at Rs 168.52. 📌Saurashtra Cement Ltd had a high of Rs 129.8 today and is currently trading at Rs 123.15. The stock rose 13.12 per cent from its previous close of Rs 108.87. 📌Diffusion Engineers Ltd saw strong movement today, hitting a high of Rs 489.96 and is currently trading at Rs 488.
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India's domestic natural gas production remains stagnant, rising only 1.6% in the first six months of FY25, leading to a gap between production and consumption, affecting city gas distribution players and consumers, with the government cutting cheaper gas allocation to CGD players and increasing reliance on LNG imports.
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