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Sales up 5%, OP down 21%

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COMEX Gold stayed well supported amid intense selling pressure in equities and good safe haven demand on the Russia-Ukraine crisis. Asian stocks stayed mostly under pressure. Chinese benchmark Shanghai Composite index closed flat while Hong Kongs Hang Seng index lost 1.24%. Japanese Nikkei 225 edged up 0.24% after recent losing spree. Australian benchmark S&P/ASX 200 index fell half a percent to close at an eight […]

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The Indian rupee on Monday slumped by 19 paise to 74.62 (provisional) against the US dollar at close due to high crude oil prices, sustained foreign fund outflows and sharp decline in domestic equities amid growing geo-political worries. Besides, strength of the American currency in the overseas market and weak appetite for riskier assets also dragged down the local unit. At the interbank foreign exchange […]

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