NTPC Stock Jumps 3% After Commissioning Gujarat Solar Project

NTPC Stock Rises 3% After Commissioning Gujarat Solar PV Project

Stock Price Increase

Shares of NTPC Limited, a major power sector company in India, increased by nearly 3.2% to ₹336.85 on the BSE during Monday’s trading session. This rise was triggered by the commissioning of an additional 25 MW of its Gujarat Solar PV Project. The stock closed at ₹336.05, up by approximately 3% from its previous close of ₹326.4, with a market cap of ₹3.25 lakh crores.

Gujarat Solar PV Project Update

NTPC Limited announced in its regulatory filings that the second phase of the 200 MW Gujarat Solar PV Project in Sadla, Gujarat, achieved commercial operation status on January 17, 2025. This phase has a capacity of 25 MW and is developed by NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC Limited, through its subsidiary NTPC Green Energy Limited. The first phase, with a capacity of 37.5 MW, was declared operational on December 21, 2024. The total installed and commercial capacity of the NTPC Group is now 76,733.18 MW.

Other Renewable Energy Projects

NTPC Limited also shared updates on other renewable energy projects on January 10, 2025. The second phase of the Bhainsara Solar PV Project in Jaisalmer, Rajasthan, with a capacity of 60 MW (out of a total of 320 MW), was declared operational on January 7, 2025. The first phase of this project, with a capacity of 160 MW, had already achieved commercial operation on August 28, 2024. Similarly, the second phase of the Shajapur Solar Project (Unit-II) in Madhya Pradesh, with a capacity of 50 MW (out of a total of 220 MW), became operational on January 10, 2025. The first phase of this project, also with a capacity of 50 MW, had previously been declared operational on September 30, 2024. Both projects are managed by NTPC Renewable Energy Limited (NTPC REL), through its subsidiary NTPC Green Energy Limited.

Financial Performance

NTPC reported a slight decrease in revenue from operations, falling by approximately 0.63% year-on-year, from ₹44,983 crores in Q2 FY24 to ₹44,696 crores in Q2 FY25. However, the company's net profit increased from ₹4,726 crores to ₹5,380 crores over the same period, a year-on-year growth of around 13.8%.

Stock Performance

The stock has delivered positive returns of nearly 11% in one year, while experiencing negative returns of around 10% in the last six months. In the last month, shares of NTPC have gained approximately 1%.

About NTPC Limited

NTPC Limited is primarily engaged in generating and selling bulk power to State Power Utilities. The company also offers consultancy, project management & supervision, energy trading, oil & gas exploration, and coal mining services.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Vodafone Idea Shares Soar 15% on Expected AGR Relief

Vodafone Idea Shares Surge 15% Intraday on AGR Relief Expectations

Vodafone Idea Stock Rises Sharply

Vodafone Idea's stock experienced a significant surge in early trading on Monday, climbing as much as 15% to a day's high of ₹10.47. As of around 12:50 PM, the telecom company's shares were trading at ₹10, a gain of 9.77%. This intraday rally follows reports suggesting the central government may be considering a relief package for telecom operators, particularly concerning their Adjusted Gross Revenue (AGR) obligations.

Potential Impact of AGR Relief

The primary driver for the rise in Vodafone Idea's stock price is speculation surrounding a potential waiver or reduction of AGR dues, which is a major financial burden for companies like Vodafone Idea and Bharti Airtel. Reports indicate that the government may partially waive AGR obligations in the upcoming Union Budget 2025, scheduled for February 1st. This move could potentially reduce Vodafone Idea's AGR liabilities by ₹52,000 crore and Bharti Airtel’s dues by ₹38,000 crore, according to Times Now.

Vodafone Idea's Financial Situation

Vodafone Idea currently owes approximately ₹80,000 crore in AGR dues and has faced substantial financial pressure due to these obligations, including penalties and interest charges. A waiver of penalties and interest, as part of the proposed relief package, could provide crucial financial flexibility for Vodafone Idea, helping it reduce debt and potentially improving its liquidity.

Telecom Sector Challenges

The telecom sector has been under considerable stress due to hefty AGR demands, especially after the Supreme Court’s decision in September 2024, which rejected a curative plea from telecom companies seeking a recalculation of AGR dues. This decision left companies like Vodafone Idea and Bharti Airtel facing the full financial impact. The potential relief from the government could be a significant turning point, allowing these companies to focus on growth and investments.

Broader Market Impact

Other telecom operators are also seeing gains due to optimism surrounding the anticipated AGR relief. As of the latest data, Bharti Airtel's shares have increased by 8.22% to ₹9.87. Additionally, other telecom companies, including Tata Communications, Tata Teleservices Maharashtra, and Railtel Corporation of India, are showing positive stock movements.

Overall Market Rally

The rally in telecom stocks is also being supported by broader market optimism. The benchmark indices, Sensex and Nifty 50, have made significant gains, with Sensex jumping 587 points to 77,207 and Nifty 50 rising by 0.67% to 23,358.90. This overall positive market sentiment is helping to boost investor confidence across various sectors, including the telecom sector.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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IDBI Bank Q3 Net Profit Jumps 31% to ₹1,908 Cr, NII Rises 23%

IDBI Bank Q3 Net Profit Jumps 31% to ₹1,908 Crore, NII Rises 23%

Strong Q3 Performance

Private sector lender IDBI Bank reported a robust 31% year-on-year increase in its standalone net profit, reaching ₹1,908.27 crore for the third quarter ended December 31, 2024. This is a substantial increase from the ₹1,458.18 crore net profit reported in the same quarter of the previous year.

Increase in Total Income

The bank's total income also increased significantly to ₹8,564.92 crore in the third quarter of the current fiscal year, up from ₹7,514.27 crore in the corresponding period last year, according to a regulatory filing by IDBI Bank.

Growth in Interest Income

During the quarter, the bank’s interest income rose to ₹7,815.57 crore, compared to ₹6,540.86 crore in the same period last fiscal. The bank's Net Interest Income (NII) grew by 23.1% to ₹4,228.22 crore, up from ₹3,434.47 crore in the same quarter of FY24.

Asset Quality Improvement

IDBI Bank’s asset quality also showed improvement, with the gross Non-Performing Asset (NPA) moderating to 3.57% of total advances as of December 2024, down from 4.69% at the end of December 2023. Similarly, the net NPA declined marginally to 0.18%, compared to 0.34% at the end of December 2023.

Reduced Provisions and Contingencies

Provisions and contingencies for the third quarter of FY25 declined to ₹165.60 crore, compared to ₹319.85 crore in the same quarter of the previous financial year. The Net Interest Margin (NIM) for the third quarter of 2024-25 stood at 5.17%.

Growth in CASA and Net Advances

The bank’s CASA (Current Account Savings Account) increased to ₹1,30,899 crore from ₹1,28,962 crore year-on-year, reporting a growth of 2%. The CASA ratio stood at 46.35%. The net advances grew by 18% year-on-year to ₹2,06,807 crore as of December 31, 2024, compared to ₹1,75,001 crore as of December 31, 2023.

Increase in Total Deposits and Operating Profit

The total deposits increased to ₹2,82,439 crore as of December 31, 2024, from ₹2,58,442 crore as of December 31, 2023, representing a growth of 9%. The operating profit stood at ₹2,802 crore, a 20% year-on-year increase. The Provision Coverage Ratio (including Technical Write-Offs) improved to 99.47% as of December 31, 2024, from 99.17% as of December 31, 2023.

Stock Performance

Shares of the company settled 1.58 percent higher at ₹85.34 per share on the NSE.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Zomato Q3 Results: PAT Drops 57% Despite Revenue Growth; Stock Slips 7%

Zomato Q3 Results: PAT Declines 57% Despite 64% Revenue Growth; Shares Fall 7%

Q3 Financial Performance

Zomato India reported its financial results for the October to December quarter of FY 2025, showing a significant decline in profit after tax (PAT) despite robust revenue growth. The company's PAT for Q3 FY25 stood at ₹59 crore, a sharp decline of 57.25% year-on-year (YoY) from ₹138 crore in Q3 FY24. Quarter-on-quarter (QoQ), PAT dropped 66.5% from ₹176 crore in Q2 FY25. However, revenue surged 64.4% YoY to ₹5,405 crore from ₹3,288 crore in the corresponding quarter of FY24. EBITDA improved to ₹162 crore from ₹51 crore YoY, with the EBITDA margin rising to 3% from 1.6% in the same period last year.

Focus on Delivery Speed and New Initiatives

Zomato's CEO, Deepinder Goyal, highlighted the company's focus on reducing delivery times to boost demand. Zomato has launched Bistro, targeting the in-office market with quick access to snacks, meals, and beverages within 10-15 minutes. They have also introduced a quick delivery feature, enabling restaurants to offer under-15-minute deliveries with curated menus and a dedicated delivery fleet.

Aggressive Expansion Strategy

Zomato is aggressively investing in its quick commerce segment, accelerating growth investments initially planned for future quarters. The company aims to reach 2,000 stores by December 2025, a year ahead of its previous guidance. In Q3 FY25, Zomato added 216 net new stores, bringing its total store count to 1,007, along with 1.3 million square feet of warehousing space, accounting for over 30% of its warehousing network. While new warehouses take longer to ramp up, Zomato remains optimistic about long-term profitability.

Expected Losses in the Near Term

Zomato has acknowledged that near-term losses are likely due to its aggressive expansion strategy. The company anticipates that underutilized stores will impact profits in the next one or two quarters. However, it also projects strong Gross Order Value (GOV) growth exceeding 100% for FY25 and FY26 and expects to transition to significant profitability post this expansion phase.

Stock Performance

Zomato shares opened at ₹251.00 on January 20 but declined sharply after the release of the disappointing Q3 results. By market close, the stock was down 7.27%, ending at ₹230.70.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Paytm Q3 Net Loss Narrows to ₹208 Cr; Revenue Down 36%

Paytm's Q3 Net Loss Narrows to ₹208 Crore; Revenue Declines 36%

Q3 Financial Results

Fintech major Paytm announced on January 20th that its net loss for the December quarter narrowed to ₹208 crore, compared to a loss of ₹220 crore in the same period last year. However, the company's revenue fell by 36% to ₹1,828 crore in Q3FY25, down from ₹2,850 crore in Q3FY24.

Stock Performance

Following the release of the results, Paytm shares on BSE were trading 2.5% lower at ₹880 apiece at 10:40 am on January 20th.

Recovery in Digital Payments Business

The company reported a narrower sequential loss before exceptional items. This improvement is attributed to the recovery of its digital payments business, which had been impacted by the winding down of its payments bank unit.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Laxmi Dental Shares List at 27% Premium on NSE

Strong Listing on Exchanges

Laxmi Dental shares debuted on the exchanges with a strong premium of 27 percent on January 20th, following a healthy subscription of 114 times in the primary market. The shares of OrbiMed-backed Laxmi Dental Ltd were listed at ₹542 per share on the NSE platform, a premium of 26.64 percent against its issue price. The initial public offering (IPO), which was valued at ₹698 crore, was priced between ₹407 and ₹428.

The company's market capitalization after the listing of shares stood at ₹2,978.95 crore. On the BSE, the shares of Laxmi Dental were listed at ₹528, a premium of 23.36 percent.

About Laxmi Dental

Laxmi Dental operates as a vertically integrated provider of dental solutions, offering a diverse range of products including custom-made crowns, bridges, aligner solutions, and paediatric dental products.

Analyst Insights

Prathamesh Masdekar, a Research Analyst at Stoxbox, highlighted that the shift from unorganized to organized players in the dental industry, rising awareness around dental aesthetics, and growing demand for metal-free dental products are key drivers for the company's future growth. Masdekar recommended that investors who received an allotment should consider holding the stock for the medium to long term, given its growth potential.

IPO Proceeds Utilization

The company aims to use the net proceeds from the IPO for several purposes, including debt repayment, funding capital expenditure, investing in its subsidiary Bizdent Devices Pvt Ltd, and general corporate purposes.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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India Aims for $250 Billion in Engineering Exports by 2030

India Aims for USD 250 Billion in Engineering Exports by 2030

Ambitious Export Target

The Indian government has set an ambitious target of achieving USD 1 trillion in exports by 2030, with USD 250 billion expected to come from the engineering sector. This target was announced by Commerce Secretary Sunil Barthwal and reflects the importance of the engineering sector, including automobiles and equipment, which currently contributes nearly 25% to India's total exports.

Infrastructure Development and Middle Class Growth

Barthwal highlighted the government's focus on infrastructure development as a key driver for this goal. The expansion of ports, airports, and railways, as well as road widening projects, will support this vision. He also noted that the growing middle class is a factor that will influence export growth.

Engineering Sector's Vital Role

India is traditionally known for its leather and textile industries, but the engineering sector is becoming increasingly vital. Barthwal addressed a conference of construction equipment manufacturers, emphasizing the sector's potential in reaching the USD 1 trillion export target. He also emphasized the importance of multi-modal transport to enhance last-mile connectivity, aligning with the government's infrastructure goals and supporting the engineering sector's growth. The energy transition will also create a demand for technologies with net-zero carbon emissions.

Innovation and Mobility Solutions

Youth in India are encouraged to explore innovative ideas that can lead to patents and commercial production. Barthwal mentioned Prime Minister Modi's interaction with young entrepreneurs at Bharat Mobility, focusing on efficient charging systems and mobility solutions. He also emphasized the need for safe and secure travel within the mobility industry.

Government Support and Global Expansion

The Commerce Ministry is addressing challenges faced by the industry to ensure a level playing field against global competitors. Barthwal urged industry players to expand globally by establishing global capability centers, which would enhance their competitiveness and align with India's export ambitions. The government aims to facilitate this expansion by overcoming existing industry challenges.

The government's export target reflects its commitment to economic growth through strategic sectoral development. By leveraging infrastructure improvements and fostering innovation, India aims to strengthen its position in global trade.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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JCB India Targets Double-Digit Growth with New Stage 5 Machines

JCB India Aims for Double-Digit Growth with New Stage 5 Machines

Double-Digit Growth Target

JCB India is targeting sustained double-digit growth, driven by the launch of its new Stage 5 emission-compliant construction equipment. CEO and Managing Director of JCB India, Deepak Shetty, highlighted that these new machines are designed to significantly reduce fuel costs for customers over a five-year period.

Enhanced Fuel Efficiency and Cost Savings

Shetty explained that the new equipment range offers an improved fuel efficiency of 10 to 15 per cent. These machines are more productive and have lower maintenance costs, thus reducing the total cost of ownership for customers. He stated that while older models will be phased out, JCB will continue supporting existing equipment throughout its lifespan. The new machines feature Roll-over Protective Structure (ROPS) technology for improved operator safety.

Projected Fuel Savings

Fuel savings are expected to vary across different types of equipment, with one loader machine model projected to save ₹18.5 lakh in fuel costs over five years. This figure accounts for around 30 per cent of the machine's cost. Shetty also addressed potential price hikes due to new emission standards, stating that while industry costs typically rise by 8 per cent or more, JCB aims to keep the increase below 8 per cent, targeting around 3.5-4 per cent.

Innovations and Hydrogen Technology

JCB has also unveiled its first hydrogen-powered heavy machine, in line with India's National Hydrogen Mission. Shetty stated that this aligns with the Prime Minister’s vision for sustainable infrastructure development. The company is exploring diverse energy sources and is not limited to just fossil fuels like diesel.

Government Support and Manufacturing

The company’s growth is closely linked to government initiatives focusing on infrastructure development. JCB manufactures most of its equipment in India, catering to both domestic and international markets.

Training and Pre-Owned Equipment

At Bharat Mobility, JCB introduced a VR-based simulator named Daksh, priced at ₹5 lakh, which will be used to train operators efficiently and cost-effectively across India. JCB has also partnered with Shriram Automall India Limited (SAMIL) to manage the sale of pre-owned certified JCB machines through a phygital marketplace for vehicles and equipment. These advancements and partnerships underscore JCB’s commitment to innovation and growth in the Indian construction sector, aligning with national goals and focusing on operational efficiency to maintain its competitive advantage.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Stock Market Live: Nifty, Sensex Open in Green; Kotak, Wipro Top Gainers

Stock Market Opens in Green: Nifty and Sensex Rise; Kotak Mahindra Bank, Wipro Lead Gains

Market Opens Higher

The Indian stock market opened in positive territory on Monday, with the Nifty index opening higher at 23,290.40 and the Sensex at 76,978.53. Top gainers on the Nifty index included Kotak Mahindra Bank, Wipro, NTPC, SBI, and Reliance Industries, while Shriram Finance, SBI Life, IndusInd Bank, HDFC Life, and Tata Motors were among the top losers.

Market Focus on Trump's Inauguration and Q3 Earnings

Market observers are closely watching Donald Trump's inauguration as the 47th president of the United States, along with the ongoing Q3 results season. Companies like Zomato, Dixon, and Oberoi Realty are in focus due to their significant Q3 earnings announcements today. Trump's inauguration is expected to have a notable impact on global markets.

Technical Outlook by Angel One

Sameet Chavan, Head Research, Technical and Derivative at Angel One, noted that the benchmark index has broken below its November low. The ‘Falling Wedge’ pattern on the daily chart indicates a support zone near 23000-22900. The formation of a ‘Doji’ candlestick on the weekly timeframe suggests indecisiveness. Resistance is expected around 23350, followed by the 23500-23600 zone. Market conditions are showing signs of overselling, with a lack of buying interest. Chavan advises maintaining a light stance on positions and focusing on specific thematic stocks.

Global Market Outlook by Geojit Financial Services

Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated that global stock markets are in a wait-and-watch mode as Trump 2.0 unfolds. Markets are anticipating executive actions, particularly on immigration. Trump’s positive discussion with Chinese President Xi Jinping suggests that initially, he may prefer negotiation over tariffs. The latest IMF report projects solid growth for India at 6.5% for 2025 and 2026, despite a recent deceleration. The market will respond to the Q3 results depending on the numbers, outlook, and management commentary.

Nifty Bank and Nifty Outlook by SAMCO Securities

Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities, commented that the Nifty Bank index shows a cautious bearish sentiment, with selling pressure after every recovery attempt. Key support levels are near 48,200–47,900, and resistance is at 49,400–49,500. For the Nifty index, Dhameja noted a cautiously neutral sentiment, with resistance at the 23,450–23,500 region and support at 23,100–23,000. A breakout above 23,350 could trigger a short-covering rally towards the 24,000 mark. A range trading strategy is advised until clear directional cues emerge.

Options Market Insights by SAMCO Securities

Dhameja also noted that the derivatives market reflected a bearish sentiment, with call writers maintaining the upper hand. The Put-Call Ratio (PCR) dipped to 0.51 for Bank Nifty and edged up slightly to 0.78 for Nifty, reflecting a bearish and cautiously neutral market sentiment, respectively. The "max pain" level is at 50,000 for Bank Nifty and 23,500 for Nifty.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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TikTok Restored in US: Trump's Inauguration Day Announcement

TikTok Returns to US: Trump Announces Major Decision on Inauguration Day

TikTok Back Online in the US

In a dramatic turn of events, the popular short-video platform TikTok is back online in the United States. After being temporarily blocked in the early hours of Sunday following a US Supreme Court ruling that approved a ban over national security concerns, TikTok has been restored, with the company thanking Donald Trump ahead of his inauguration. The 47th US President has also announced that he will issue a statement on the app on Monday, January 20, 2025.

Timeline of Events

• January 17: The US Supreme Court approved the law that banned TikTok due to national security concerns, citing the potential for Chinese government influence.
• January 19: TikTok stopped working in the USA, displaying a message indicating the ban. The message also mentioned that President Trump would work on a solution to reinstate the service once he takes office.
• January 19: Donald Trump announced on Truth Social that he was pausing the ban on TikTok. He stated, "I'm asking companies not to let TikTok stay dark!" and revealed plans to issue an executive order on Monday to extend the period before the law's prohibitions take effect.
• January 20: TikTok announced that it is in the process of restoring services, thanking President Trump for his intervention.

US Concerns and Legal Actions

US officials had raised concerns that TikTok’s software posed a national security risk, with allegations that the Chinese government might use the app to spy on American citizens or influence public opinion. The US Congress passed a law to ban TikTok or compel its parent company, ByteDance, to sell the app to a US-approved buyer. Despite an appeal, ByteDance failed to meet the January 19th deadline to sell the app.

Trump's Intervention and Future Plans

Donald Trump said that his executive order will confirm that there will be no liability for companies that helped prevent TikTok from going dark before the order. Trump believes that Americans should be able to view the inauguration and other events on TikTok. He also indicated that he would like the United States to have a 50% ownership position in a joint venture with either the current or new owners. By doing so, Trump stated, the US could keep TikTok operational, under safe ownership, and make it a valuable asset.

TikTok's Response

In its statement, TikTok said, “We thank President Trump for providing the necessary clarity and assurance to our service providers that they will face no penalties providing TikTok to over 170 million Americans.”

About TikTok

TikTok is a Chinese short-form video-hosting service owned by ByteDance. It allows users to upload videos ranging from three seconds to 60 minutes and has gained immense popularity through its recommendation algorithms, connecting creators with new audiences.

Global Bans on TikTok

India banned TikTok in 2020 over misinformation concerns related to the Covid-19 pandemic. Other countries that have also banned TikTok include Afghanistan, Australia, Belgium, Canada, Denmark, the European Union, France, Indonesia, Latvia, Netherlands, Nepal, New Zealand, Norway, Pakistan, Taiwan, Somalia, the United Kingdom, and the United States.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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Gold Prices Rally in India on Jan 20; Silver Prices Steady

Gold Prices in India Rise on January 20th; Silver Prices Remain Stable

Gold Prices Jump in Domestic Market

Gold prices in the domestic market increased on Monday, January 20th, following strong U.S. economic data and a dovish stance from the Federal Reserve. There was a slight profit booking for gold on January 20th, the day of Donald Trump's inauguration. Geopolitical tensions and expectations of further rate cuts from the Federal Reserve are expected to support a rise in gold prices.

Current Gold Rates

Today, 22 carat gold costs ₹7,450 per gram in India, while 24 carat gold costs ₹8,123 per gram. The price of 100 grams of 22 carat gold in India increased by ₹1,500 to reach ₹7,45,000, while 10 grams of 22 carat gold now costs ₹74,500, a jump of ₹150. The price of 100 grams of 24 carat gold went up by ₹1,200 to ₹8,12,300, and 10 grams of 24 carat gold costs ₹81,230, a ₹120 increase.

10 grams of 18 carat gold will cost ₹61,000, a rise of ₹170, and 100 grams of 18 carat gold is priced at ₹6,10,000, a jump of ₹1,700.

Spot Gold Prices

According to Reuters, U.S. gold futures fell 0.3% to $2,740.10, while spot gold was down 0.1% at $2,697.60 an ounce as of 0300 GMT on Monday. Spot silver dropped 0.6% to $30.16 an ounce, while platinum dropped 0.2% to $940.84. Palladium remained steady at $947.99.

Silver Prices Stable

In India, the price of silver remained stable today at ₹96.50 per gram and ₹96,500 per kilogram. Ten grams of silver costs ₹965, while 100 grams of silver is priced at ₹9,650.

MCX Silver and Gold Outlook

Technical analysts at Way2Wealth Brokers Pvt. Ltd. note that MCX Silver is consolidating within a symmetrical triangle pattern, indicating a bullish continuation. Resistance is expected at 92500/93680, with a potential for further gains at 95000/96500 if it breaks above 93680. Support is placed at 91000/89600 levels, with a potential drop towards 88200/87000 if it breaks below 89600. MCX Gold held steady above 79000, with active buyer participation suggesting a positive bias. Sustaining above 79300 could lead to a rise towards 79500/79800 and potentially new all-time highs at 80200. Support for MCX Gold is positioned at 78800/78380 levels.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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