Gold prices recently surged to a new lifetime high, driven by uncertainty surrounding US presidential elections and declining job numbers, despite reports of weak demand from China. The metal has been on a bullish trend, supported by escalating geopolitical tensions, US Federal Reserve rate cuts, a weak global growth outlook, and strong demand from central banks. In India, gold prices have doubled over the past five years, with a notable increase of over 24 percent this year.
Sky Gold board approves 9:1 bonus issue after 418% stock rally in one year
Sky Gold’s Board has approved a bonus issue of shares in a 9:1 ratio, meaning investors will receive 9 additional shares for every share they