India Business News: Gold prices rose by Rs 440 per 10 grams on Wednesday on the Multi Commodity Exchange (MCX), extending their month-long winning streak. This week, gold has reached a lifetime high of Rs 69,487 in April futures but was trading at Rs 69,369, up 0.64% from the previous closing price by 10:10 AM.
As the financial year 2023-24 (April-March) is set to close in a week, gold s returns so far amount to an impressive 11% beating the inflation by nearly twice. However, returns by silver over the same period have been a mere 3.2%.
NSE, the country s biggest stock exchange by traded volume and value, clocked commodity derivates volumes of ₹38,418 crore in January against the NCDEX s ₹12,509 crore
Allowing hedging at IFSC will help mitigate these risks as they will be able to directly hedge in dollar terms, Mathur said. In his view, it was a win-win situation for both the jewellery industry and the IFSC in terms of hedging transaction costs and remaining competitive
Network18 appoints Naveen Mathur as Head of International Sales adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.