Gold prices increased as the Federal Reserve indicated a less aggressive stance on interest rate hikes, leading to lower U.S. treasury yields and a weaker dollar. The softening dollar, coupled with market speculation about Japan intervening to support the yen, further helped boost gold prices.
India Business News: Gold prices have dropped by Rs 2,900 over 10 days. The current price is Rs 71,065 per 10 grams, down from a record high of Rs 73,958. This decline has happened because investors have become less worried about geopolitical tensions in the Middle East.
JNK India IPO includes a fresh issue of 76 lakh shares worth Rs 300 crore along with an offer-for-sale (OFS) of 84 lakh shares valued at Rs 349.47 crore.