Gold prices saw an uptick in India on Thursday, May 16, with MCX Gold futures for June expiry inching 0.02% higher at 73,117.00 per 10 grams. According to GoodReturns, the price of gold for 24 karat gold (999 gold) increased by ₹40 to ₹74,020 per 10 grams. Internationally, gold prices showed a similar trend buoyed by a weaker dollar and declining bond yields following the release of US consumers.
Open Flip
Bitcoin Price Surges Following Lower-Than-Expected CPI Data, Positive ETF FlowsBitcoin (BTC) experienced a rally, reaching $66,190 and gaining over 7.5% in the past 24 hours. This surge was in response to the release of the US Consumer Price Index (CPI) data, which has implications for potential interest rate cuts in 2024.
Open Flip
HOAC Foods IPO: The initial public offering (IPO) of food products manufacturer Hariom Atta & Spices Ltd opened for subscription on Thursday, May 16. Hariom Atta & Spices IPO or HOAC Foods IPO is an SME IPO and will close on May 21. HOAC Foods IPO is a fixed price issue worth ₹5.54 crore and entirely a fresh issue of 11.55 lakh equity shares. HOAC Foods IPO price band is ₹48 per share.
Open Flip
