COMEX Gold prices saw a significant drop due to a surge in US treasury yields, resulting in the largest weekly loss in months. The US central bank indicated another rate hike before the end of the year and signaled fewer rate cuts for the following year. Strong economic data, including increased durable goods orders and low unemployment claims, supported the Federal Reserve’s hawkish stance. The rebound in US home prices and rising energy prices also raised inflation concerns.
Shruti Shibulal buys Infosys shares worth Rs 494 crore
Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased Infosys shares worth Rs 494 crore through an open market transaction. She bought 29,84,057 shares at