Wed, Jan 8, 2025 8:31 PM
Govt must explain huge revision in November gold import data, says GTRI
A Flip by Shubhangi Gupta
Gold Rate and Silver Price Today on January 11, 2025: Gold prices experienced a modest increase on Saturday. The cost of 24 carat gold in India is Rs.7965.3 per gram, reflecting an increase of ₹270. The cost of 22 carat gold in India is 7303.3 per gram, a rise of ₹250. The current price of silver in India is 96700.0 per kg, reflecting an increase of 1200.0 per kg.
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It was a tough ride for Indian markets during the week as the GDP and corporate earnings estimates were modest, which in turn weighed heavily on investors' sentiments. This meant that the broader market too endured heavy selling pressure. Just 4 smallcap stocks delivered double digit weekly returns with the highest return being 9% from Spandana Sphoorty Financial.
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The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said.
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