Gold Price Today: Yellow metal jumps by Rs 1,200/10 gram, silver dearer by Rs 2,500/kg. Here’s why

August 16, 2024

Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number.

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From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why

Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.

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