Gold prices increased for the fifth day. This rise is due to possible lower interest rates in the United States. Investors are awaiting President Trump’s decision on Federal Reserve appointments. Trump plans to announce a replacement for Adriana Kugler and his pick for the next Fed chair. Trade tensions between the U.S. and India are also present.
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.