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The bank estimates that the acquisition will likely be completed by the end of October 2023.
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.
The partnership focuses on offering MSME business loans and Gold Loans mainly to borrowers in non-urban areas
Spot gold was down 0.3% to $1,924.68 per ounce, while U.S. gold futures were down 1.1% to $1,944.90.
Major factors contributing to the bearish trend include foreign fund outflows and a downturn in HDFC Bank's performance
Spot gold was dormant at $1,924.29 per ounce. At $1,946.10, U.S. gold futures were stable.
Investors with very high risk appetite and want to invest for 5 to 7 years to diversify the portfolio in pharma sector should invest in HDFC Pharma and Healthcare Fund.
Spot gold was stable at $1,910.85 per ounce. Following a Thursday low for the metal since August 23, bullion was expected to lose 0.4% of its value for the week.
After falling to $1,905.10 on Wednesday, spot gold increased 0.3% to $1,912.09 per ounce. At $1,933.70, U.S. gold futures were up 0.1%.
According to reports, Singapore's GIC, Abu Dhabi Investment Authority (ADIA), and Saudi Arabia's Public Investment Fund (PIF) are all aiming to invest at least $500 million each.