Sunday, October 11
Gold prices surged 2% or by Rs 1,740 on Monday following Donald Trump administration’s threat of doubling steel import levies to 50%. The domestic prices took cues from the international prices which were up by $66 per troy ounce and trading around $3,355. Around 7 pm, the MCX June gold futures were trading at Rs 97,473, up by Rs 1,598 or 1.67% from the last closing price of Rs 95,875.The gold prices were up, gaining from a slip in the dollar index (DXY) which was hovering around 99 against a basket of six top currencies. It was down by 0.43 points or 0.43% at 98.90. It has declined by 0.21% over the past five trading sessions.“Gold reacted positively as market priced in the re-rising geopolitical risk between Russia and Ukraine, following intensified cross-border retaliations,” Jate
Ganga Bath Fittings, a manufacturer of bathroom accessories and sanitaryware, is set to open its Initial Public Offering (IPO) on June 4, 2025. The company aims to raise Rs 32.65 crore at the upper end of the price band, with shares proposed to be listed on NSE Emerge. The IPO will close on June 6.The offering consists of up to 66.63 lakh equity shares with a face value of Rs 10 each. The price band has been fixed at Rs 46 to Rs 49 per share. Investors can bid for a minimum lot size of 3,000 shares.The issue comprises a reservation of up to 69,000 shares for qualified institutional buyers (QIBs), at least 31.29 lakh shares each for non-institutional investors (NIIs) and retail investors, and 3.36 lakh shares earmarked for the market maker.The proceeds from the IPO will be used for capital
