During the five trading sessions ending June 13, the Sensex dropped 1.30% or 1,070 points, settling at 81,119. The index closed lower on three of those five days. However, amid the broader market weakness, 11 BSE 500 stocks recorded gains in all five sessions. (Data Source: ACE Equity) Source link
Gold prices surged to record highs on Friday as escalating tensions between Israel and Iran pushed investors towards safe-haven assets. On the Multi Commodity Exchange, gold futures for the August 5, 2025 contract jumped by Rs 2,011 to touch a day’s high of Rs 1,00,403 per 10 grams. This is the first time Indian gold…
The Reserve Bank of India (RBI) on Friday announced significant relief for small-ticket gold loan borrowers, raising the Loan-to-Value (LTV) ratio from 75 per cent to 85 per cent for loans up to Rs.2.5 lakh, including interest. The revised norms mean a borrower pledging gold worth Rs. 1 lakh can now avail a loan of…
Gold loan stocks rallied between 2-7% after RBI hiked the Loan-to-Value (LTV) ratio limit for gold loans below Rs 2.5 lakh, which will be revised to 85% from 75% as part of the latest norms. Shares of Muthoot Finance, Manappuram Finance, and IIFL Finance rallied upto 7%, 5%, and 5% respectively. Muthoot Finance is currently…