Stronger bond yields, a rising US dollar, and risk-on sentiment in equities may lead to a short-term retracement in gold prices, according to the World Gold Council. November saw gold pressured by higher opportunity costs, US dollar strength, and gold ETF outflows.
Sambhv Steel Tubes is launching an IPO to raise ₹400 crore for debt repayment and ₹100 crore through an OFS, diluting promoter stake to 56%.
The company allotted 45 million shares at upper price band of ₹740 apiece to these institutional investors. Anchors include LIC, ICICI Prudential Mutual Fund, SBI
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