Saturday, September 26
With a reduction in foreseeable trade risks, Gold August futures contracts at MCX gave up their recent gains, falling by Rs 4,558 from their peak of Rs 1,01,078/10 grams hit on June 16. The yellow metal prices opened lower by Rs 463 or 0.48% at Rs 96,527/10 grams on Monday, while the silver September futures contracts were largely trading flat at Rs 1,08,190/kg, falling by 0.22% or Rs 239.Gold prices fell back to about $3,310 per ounce while silver prices held firm at around $36.60 as traders balanced fresh trade tensions and possible policy shifts. President Trump reaffirmed that higher tariffs will hit nations without deals starting August 1, but Treasury Secretary Bessent suggested countries may get three more weeks to negotiate, reducing immediate trade risks and gold’s safe-haven de
Shares of Nykaa (FSN E-Commerce Ventures) rose nearly 3% to Rs 203 on the BSE in Monday's trade, after the company shared its Q1 FY26 business update on Sunday.Nykaa said it has started FY26 on a strong note, with consolidated net revenue growth for the first quarter expected to be at the lower end of the mid-twenties range. Gross merchandise value (GMV) growth is expected to surpass this, crossing the mid-twenties, indicating sustained momentum across recent quarters.Beauty SegmentThe Beauty vertical is expected to post GMV growth in the higher mid-twenties, despite softer consumer sentiment during its flagship sale period, which was impacted by geopolitical tensions.The company said that the growth was driven by robust performance across its ecommerce platform, retail stores, eB2B distri
