Gold prices rise sharply due to stock market crash

Sensex Nifty in sharp fall in stock market last week.. Substantial rise in gold price due to volatility in stock market.

Stocks vs gold market

The stock market experienced a sharp decline last week

The market was also volatile as the sixth session on Thursday (October 26) marked the last day of futures and options (F&O) contracts for the October series. The S&P BSE Sensex fell 901 points, or 1.41 percent, to settle at 63,148.15, while the NSE Nifty slipped below the 18,900 level, down 64.9 points, or 1.39 percent, to close at 18,857.25.

M&M, Bajaj Finance, Asian Paints were the top losers in the 50-scrip blue-chip basket.

M&M, Bajaj Finance, Asian Paints and UPL were the top losers. The Nifty basket fell nearly 4-3 percent amid broad-based weakness. On the other hand, Axis Bank, Adani Ports and HCL Tech posted higher gains.

Daily vist now gold price in tamilnadu

Are CIE Automotive, VPRPL, MRPL stocks profitable, CIE Automotive shares can be bought at Rs 475 with a stop loss of Rs 445. Share market experts suggest that VPRPL shares can be bought at Rs.205 and MRPL shares are also profitable.

Asian Paints

Asian Paints on Thursday (October 26) announced its September quarter results, showing a 53.31 per cent jump in profit after tax to Rs 1,232.39 crore from Rs 803.83 crore in the corresponding quarter last fiscal.

Axis Bank Shares Shares of private sector bank Axis Bank ended in the green on Thursday (26 October 2023). The bank made a profit of Rs 5864 crore in the second quarter. After this, interest in buying shares of Axis Bank is increasing.

Shares of Axis Bank have gained around 11 percent in the last 6 months, and today the bank's share price rose 1.89 percent to close at 973.55.

Axis Bank: 1250 next target

CLSA advised to buy from Axis Bank. A target of Rs 1200 per share has been fixed. Net interest margin is forecast to be flat in the September quarter.

Gold price

Today, 26th October 2023, 10 gm 24 carat gold price in India is Rs 52,785 and 10 gm 22 carat gold price is Rs 47,750. The price of jewelery gold in Chennai has gone up to Rs 360 per bar today. The price of one bar of gold is Rs 45,600 and the price of one gram of gold is Rs 5700.

Comments

No tax on gold, gold prices plummet

New Delhi, Aug. 13-Gold prices fell by nearly two percent in the international market yesterday after US President Trump announced that there would be no tax on gold. Gold price gold price fall reasons The US Customs Department issued a statement last week that the tax would also apply to gold bars . Following this, prices rose sharply. The price of one ounce of gold, i.e. about 28.35 grams, reached a new high of Rs 3 lakh. White House sources said at the time that the tax would be applicable and that an official clarification would be made soon. Following this, Trump announced on his Truth Social social networking site the day before yesterday that 'there will be no tax on gold '. This announcement allayed investors' fears regarding price hike, leading to high selling of gold. Following this, the price of one ounce of gold fell below Rs 2.90 lakh. The international market situation was also reflected in India. In the last 2 days in Chennai, the price of 22-ka...

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

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