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Karur Vysya Bank confirmed the RBI's approval, specifying that HDFC AMC must ensure its aggregate holding in the bank does not exceed 9.5% of the paid-up share capital.
Spot gold was up 0.1% at $1,866.41 per ounce, on pace for a nearly 4% monthly decrease and its second straight quarterly decline. Futures for U.S. gold increased 0.3% to $1,883.50.
Spot gold increased by 0.1% to $1,876.89 per ounce after falling 1.4% on Wednesday, its worst daily loss in two months. To $1,894.20, U.S. gold futures increased by 0.17%.
Spot gold remained unchanged at $1,900.49 per ounce, barely off its Tuesday-touched low of August 23. To $1,918.20, U.S. gold futures declined by 0.1%.
According to a statement from the company, the software is made to assist investors and traders of all levels of experience in taking part in the financial markets and achieving their financial objectives.
The HDFC AMC stock went up 1.90% to Rs 2721.85 at 10:35 a.m. on the NSE.
Spot gold was down 0.1% to $1,914.61 per ounce, while U.S. gold futures were down 0.2% to $1,933.30.
Spot gold was largely constant at $1,924.54 per ounce, while U.S. gold futures were down 0.1% at $1,944.30.
Investors with very high risk appetite and want to invest for 5 to 7 years to diversify the portfolio should invest in Mirae Asset S&P BSE Sensex ETF.
Spot gold was up 0.2% at $1,923.22 per ounce after seeing its worst daily decline since September 5. Futures for U.S. gold increased 0.2% to $1,943.00.