Gold prices experienced a dip of Rs 400 per 10 grams on Thursday due to profit booking, following a record high of Rs 95,935. Experts remain bullish, citing ongoing uncertainties, but caution against potential hurdles like tariff agreements. Analysts suggest a ‘buy on dips’ strategy, anticipating resistance around Rs 99,000, while closely monitoring international prices and key support levels.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.