Gold rises Rs 250 to Rs 99,020/10 g; silver climbs Rs 500 to Rs 1.11 lakh/kg
On Friday, the precious metal of 99.9 per cent purity had closed at Rs 98,770 per 10 grams.
New Delhi, Jul 21 (PTI) Gold prices rose by Rs 250 to Rs 99,020 per 10 grams in the national capital on Monday amid a pick-up in demand by stockists, according to the All India Sarafa Association.
Meanwhile, silver prices appreciated Rs 500 to Rs 1,11,000 per kilogram (inclusive of all taxes). On Friday, the white metal had ended at Rs 1,10,500 per kg.
Bullion traders said that pick-up in demand helped the rally in the precious metal.
Globally, spot gold rose by USD 15.16 or 0.45 per cent to USD 3,365.56 per ounce.
'Gold edged higher on Monday amid uncertainties related to US tariff policy and a pullback in the US Dollar, which provided support for precious metals prices,' Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.
Gandhi further stated traders will closely monitor the US trade agenda alongside key US macroeconomic data, including provisional PMI figures, weekly unemployment claims, and durable goods orders.
Additionally, spot silver went up 0.73 per cent to USD 38.47 per ounce in the overseas markets.
'Investors will closely track the US Federal Reserve Chair Jerome Powell's speech for further cues on interest rate direction and in turn trajectory for the bullion prices in the near term,' Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said. PTI HG DR
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
3 minutes ago
- Business Standard
Brigade Hotel Ventures IPO subscribed 4.48 times
The offer received bids for 22.95 crore shares as against 5.11 crore shares on offer. The initial public offer of Brigade Hotel Ventures received bids for 22,95,01,142 shares as against 5,11,93,987 shares on offer, according to stock exchange data at 17:30 IST on Monday (28 July 2025). The issue was subscribed 4.48 times. The issue opened for bidding on 24 July 2025 and it will close on 28 July 2025. The price band of the IPO is fixed between Rs 85 and 90 per share. An investor can bid for a minimum of 166 equity shares and in multiples thereof. The IPO comprises a fresh issue of Rs 759.6 crore. Of the proceeds, Rs 468.14 crore will be used for repayment, prepayment, or redemption (in full or in part) of certain borrowings availed by the company and its material subsidiary, SRP Prosperita Hotel Ventures Limited. An amount of Rs 107.52 crore will be utilized for the purchase of an undivided share of land from the companys promoters (BEL), while the remaining funds will be allocated for general corporate purposes. Brigade Hotel Ventures (BHVL), a wholly owned subsidiary of Brigade Enterprises (BEL), is a leading hotel owner and developer in South India. The company operates nine hotels with 1,604 keys across key cities like Bengaluru, Chennai, Kochi, Mysuru, and GIFT City, in partnership with global hospitality brands such as Marriott, Accor, and IHG. BHVL plans to expand its portfolio with new luxury and upper midscale properties under brands like Grand Hyatt, Fairfield by Marriott, InterContinental, and The Ritz-Carlton, targeting completion between FY28 and FY29. Ahead of the IPO, Brigade Hotel Ventures on Wednesday, 23 July 2025, raised Rs 324.72 crore from anchor investors. The board allotted 3.60 crore shares at Rs 90 each to 17 anchor investors. The firm reported a consolidated net profit of Rs 23.66 crore and sales of Rs 468.25 crore for the twelve months ended on 31 March 2025.
News18
7 minutes ago
- News18
Savy Infra & Logistics stock jumps nearly 20 pc in debut trade on NSE SME
New Delhi, Jul 28 (PTI) Shares of Savy Infra and Logistics on Monday ended with a premium of nearly 20 per cent against the issue price of Rs 120 per share on the NSE's SME platform Emerge. The shares were listed at Rs 136.50 per share on the NSE SME index, at a premium of 13.75 per cent. Later, it closed at Rs 143.30 apiece, a premium of 19.42 per cent on the bourse. The market capitalisation of the company stood at Rs 298.19 crore on the NSE SME. In volume terms, 32.29 lakh equity shares were traded on the exchange during the day. The Rs 70-crore initial public offering (IPO) of Savy Infra and Logistics garnered a stellar response from the investors by subscribing 114.50 times on the closing day of bidding on Wednesday last week. The initial share sale had a price band at Rs 114-120 per share. The issue is entirely a fresh issue of 58.32 lakh shares. Gandhinagar-based EPC player Savy Infra & Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects. The company also offers logistics services through an asset-light model by renting trucks and drivers. The company reported revenue from operations of Rs 283.39 crore and profit after tax of Rs 23.88 crore in FY25. PTI HG TRB view comments First Published: July 28, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
7 minutes ago
- News18
AMSL posts Rs 18 cr profit in Q1
Agency: PTI Last Updated: New Delhi, Jul 28 (PTI) Apollo Micro Systems Ltd (AMSL) on Monday said its consolidated net profit has more than doubled to Rs 17.68 crore during the June quarter, aided by higher income. It had reported a profit after tax (PAT) of Rs 8.42 crore in the April-June period of the 2024-25 fiscal year, the company said in a regulatory filing. The company's total income increased 46.49 per cent to Rs 134.45 crore in the first quarter from Rs 91.78 crore in the same period a year ago. On June 4, AMSL announced the completion of its preferential allotment of equity shares and convertible warrants, raising a total of over Rs 416 crore. Hyderabad-based AMSL offers technology-based solutions in sectors like infrastructure, transportation, aerospace and defence, among others. PTI ABI TRB Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
