Latest news with #640
Express Tribune
07-07-2025
- Business
- Express Tribune
Gold prices fall in international and local markets
Gold prices dropped significantly on Monday in both international and domestic markets, with per tola rates in Pakistan falling by thousands of rupees. In the international bullion market, the price of gold declined by $25 per ounce, bringing the new global rate to $3,310 per ounce. The global dip directly impacted local rates in Pakistan, where the price of 24-karat gold fell by Rs2,500 per tola, bringing the new price to Rs353,000 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold dropped by Rs2,143, setting the new rate at Rs302,640. Gold prices slipped to a near-one-week low on Monday due to an uptick in the US dollar, with investors awaiting details on the trade front ahead of US President Donald Trump's tariff negotiation deadline. Spot gold was down 0.8% at $3,309.21 per ounce by 1023 GMT. US gold futures shed 0.7% to $3,318.70. "We are seeing a slight pullback due to short-term positive dollar and maybe that's just since the economic data coming from the U.S. is still pretty strong, taking away the immediate need to cut rates," said WisdomTree commodities strategist Nitesh Shah.
The Hindu
16-05-2025
- Automotive
- The Hindu
Hyundai Motor India Q4 PAT slips 4% to ₹1,614 crore, board okays dividend of Rs 21
Hyundai Motor India Ltd. (HMIL) for the fourth quarter ended March 31, 2025 reported 4% drop in consolidated net profit to Rs. 1,614 crore compared with Rs. 1,677 crore in the year ago period reflecting the challenging operating environment. The company's consolidated revenue during the quarter grew marginally by 1.5% to Rs. 17,940 crore. For FY25 the company's net profit dropped 7% to YoY Rs.5,640 crore and revenue remained flat at Rs. 69,193 crore. The board has recommended a dividend of Rs. 21 per share for FY25. The company on Friday said it would introduce 26 products (including refreshed models) by FY2030 comprising 20 ICE and 6 EVs. Additionally, it will introduce hybrids. The company said the new plant in Pune would be operational in the third quarter of FY26 giving impetus to its growth in India. Unsoo Kim, MD, HMIL said, 'FY25 business performance demonstrates our ability to navigate the tides by responding quickly to the ever-changing customer aspirations.' 'Hyundai's strong brand presence in key global emerging markets enabled us to endure headwinds and sustain export volumes during the year. The year gone by signifies our resilience in the financial performance by way of sustained revenues & healthy operating margins attributable to improved realisations & effective cost control measures,' he said. 'Looking ahead, we remain cautiously optimistic on domestic demand outlook in near-term amid prevailing macro-turbulences and weakening customer sentiments,' he said. 'While we expect our FY26 domestic growth to be broadly in line with Industry estimates of low-single digit, we are aiming for 7-8% volume growth in exports by improved focus and leveraging our strong brand equity and legacy in the key emerging markets,' he added.
