PVR Inox Q3: Profit Jumps 180% to ₹36 Cr, Revenue Up 11%

PVR Inox Q3 Results: Net Profit Jumps 180% YoY to Rs 36 Crore, Revenue Rises 11%

PVR Inox, the leading multiplex chain, has reported a significant 180% year-over-year (YoY) growth in its consolidated net profit to Rs 35.9 crore for the third quarter ended December 2024. This compares to a net profit of Rs 12.8 crore in the same period last year. The company's revenue also saw a substantial increase.

Key Financial Highlights

Here's a breakdown of PVR Inox's key financial results for Q3 FY25:

• Net Profit: Jumped 180% YoY to Rs 35.9 crore, compared to Rs 12.8 crore in the same period last year. It recovered from a net loss of Rs 11.8 crore in the previous quarter.
• Revenue from Operations: Rose 11.1% YoY to Rs 1,717.3 crore, compared to Rs 1,545.9 crore in the corresponding quarter of the previous financial year. It also grew 5.9% sequentially from the Rs 1,622.1 crore reported in the second quarter of fiscal year 2025.

Factors Driving Growth

The strong performance was attributed to several factors:

• Blockbuster Movies: Propelled Q3 to the highest box office earnings of the year.
• Record-Breaking Average Ticket Prices (ATP): Reached Rs 281.
• Spending Per Head (SPH): Reached Rs 140.
• Patronage: The company attracted 37.3 million patrons to its cinemas.
• Advertising Income: Booked its highest quarterly advertising income since the pandemic, amounting to Rs 148.6 crore.

Expansion and Market Position

PVR Inox continued to expand its footprint, opening 11 new screens across two properties during the December quarter. As of now, the multiplex chain operates a total of 350 cinemas with 1,728 screens across 111 cities, solidifying its position as a leading player in the multiplex industry.

Shares of PVR Inox initially pared losses after the earnings announcement, recovering over 1% from their intraday low, but ultimately traded 1.5% lower at Rs 1,115.55 on the BSE.

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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SBI Q3 Results: Net Profit Surges 84% to ₹16,891 Cr

SBI Q3 Results: Net Profit Surges 84% to ₹16,891 Crore

State Bank of India (SBI), the country's largest lender, has reported a robust 84% jump in its standalone net profit to ₹16,891 crore for the third quarter ended December 2024.

Key Financial Highlights

The bank's strong financial performance is reflected in the following key highlights:

• Standalone Net Profit: Surged by 84%, reaching ₹16,891 crore compared to ₹9,164 crore in the year-ago period.
• Total Income: Rose to ₹1,28,467 crore in Q3FY25 against ₹1,18,193 crore in the same period last year.
• Interest Income: Grew to ₹1,17,427 crore compared to ₹1,06,734 crore a year ago.

Asset Quality Improvement

SBI also witnessed improvement in its asset quality during the quarter:

• Gross Non-Performing Assets (NPA): Moderated to 2.07% at December-end from 2.42% at the end of Q3FY24.
• Net Non-Performing Assets (NPA): Eased to 0.53% against 0.64% at the end of the same period a year ago.

Consolidated Performance

On a consolidated basis, SBI Group's performance also showed strong growth:

• Consolidated Net Profit: Rose by 70% to ₹18,853 crore over ₹11,064 crore in FY24.
• Consolidated Total Income: Increased to ₹1,67,854 crore over ₹1,53,072 crore in the third quarter of the preceding fiscal.

SBI's impressive Q3 results demonstrate its strong financial position and efficient management of assets. The significant increase in net profit, coupled with improvements in asset quality, reflects the bank's commitment to sustainable growth and profitability.

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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BSE Q3 Results: Profit Soars 104% to Rs 220 Cr, Revenue Jumps

BSE Q3 Results: Profit Soars 104% to Rs 220 Crore, Revenue Jumps 108%

BSE, India's oldest exchange, has reported impressive third-quarter results, with its net profit soaring 104% year-on-year (YoY) to Rs 220 crore. The company's revenue from operations also witnessed substantial growth, jumping 108% YoY to Rs 773 crore.

Key Financial Highlights

Here's a summary of BSE's key financial performance indicators for Q3:

• Net Profit: Soared by 104% YoY, reaching Rs 220 crore.
• Revenue from Operations: Jumped by 108% YoY, reaching Rs 773 crore.
• Profit Before Tax and Exceptional Items: More than doubled, reaching Rs 268 crore compared to Rs 127 crore in the same quarter last year.

Operational Performance

The strong financial performance was supported by growth in various operational areas:

• Transaction Charges: Increased significantly by 157% YoY, reaching Rs 511 crore, driven by higher market activity levels and household savings and investments.
• Treasury Income: Remained stable at Rs 48.5 crore, marginally higher than Rs 46.9 crore in the year-ago quarter.
• Investment Income: Increased to Rs 58.2 crore, compared to Rs 54.6 crore in the third quarter of last year.
• Operating EBITDA: (including core SGF) more than doubled to Rs 236 crore, with EBITDA margins improving to 31%.

Strategic Focus

BSE has emphasized its focus on increasing market share across all segments, leveraging the growing market with an increasing number of registered investors and turnover. The company aims to capitalize on rising disposable household incomes and a preference for financial savings by focusing on innovation and launching unique products across segments.

On Thursday, BSE shares closed 4.6% lower at Rs 5562 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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REC Q3 Results: Profit Up 15% to Rs 11,574 Cr, Dividend Declared

REC Q3 Results: Net Profit Climbs 15% YoY to Rs 11,574 Crore, Revenue Up 18%

REC Ltd has announced its Q3 results, reporting a 15% year-on-year (YoY) increase in net profit to Rs 11,574.25 crore. The company's total revenue from operations also saw significant growth, rising by 18% YoY.

Key Financial Highlights

The company's financial performance for the quarter ended December 31, 2024, is summarized below:

• Net Profit: Increased by 15% YoY, reaching Rs 11,574.25 crore compared to Rs 10,066.31 crore in the same quarter last year.
• Revenue from Operations: Rose by approximately 17.81% YoY, reaching Rs 41,033.01 crore compared to Rs 34,827.57 crore in the corresponding period.
• Total Income: Including other income, REC’s total income reached Rs 41,085.66 crore, up from Rs 34,864.57 crore in 2023.

Interim Dividend Announcement

In addition to the quarterly results, REC's board has approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25. The record date for determining shareholder eligibility for this dividend is February 14, 2025. The dividend is expected to be credited to shareholder accounts on or before March 16.

Market Reaction

Following the announcement of the Q3 results, the shares of REC experienced a decline of 2.5%, trading at Rs 429.40 on the BSE on Thursday.

REC's solid financial performance reflects its continued growth and stability in the power finance sector. The significant increase in both net profit and revenue underscores the company's strong operational capabilities and strategic initiatives.

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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Bharti Hexacom Q3: Profit Up 23%, Revenue Rises 25%

Bharti Hexacom Q3 Results: Profit Jumps 23% YoY to Rs 261 Crore, Revenue Up 25%

Bharti Hexacom announced its Q3 results, showcasing a robust performance with a 23% year-on-year (YoY) jump in profit after tax (PAT) to Rs 261 crore. The company also reported a significant 25% increase in revenue to Rs 2,251 crore compared to the same quarter last year.

Key Financial Performance

Here's a detailed look at Bharti Hexacom's financial highlights for Q3:

• Revenue: Total revenue reached Rs 2,251 crore, a 25% increase from Rs 1,800 crore in the same quarter of the previous fiscal year.
• Profit After Tax (PAT): PAT stood at Rs 261 crore, marking a 23% increase compared to Rs 213 crore in the year-ago period.
• Sequential Growth: The company also witnessed sequential growth, with PAT increasing by 3% compared to Rs 253 crore in Q2FY25, and revenue increasing by 7.3% compared to Rs 2,098 crore in Q2FY25.

Segment Performance

Bharti Hexacom's strong performance was driven by growth across its various segments:

• Mobile Services: Mobile service revenues were up by 25.5% YoY, driven by tariff repair, strong smartphone customer additions, and sustained mix improvement.
• Homes and Office Business: This segment continued its strong growth trajectory with revenue increasing by 18.7% YoY. The company added 44,000 net customers in this segment, driven by growth in both FTTH and FWA.

Profitability and Efficiency

Bharti Hexacom also reported improvements in profitability and efficiency:

• EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 1,194 crore.
• EBITDA Margin: The EBITDA margin was reported at 53%, up by 516 basis points YoY.
• EBITDAaL Margin: EBITDAaL stood at Rs. 1,042 crore with a margin of 46.3%, up by 564 bps. The company has decided to disclose EBITDAaL as a key indicator of underlying financial health.

Other Key Highlights

Other noteworthy highlights from Bharti Hexacom's Q3 results include:

• Smartphone Data Customers: Increased by 1.9 million YoY, representing 75% of the overall mobile customer base.
• Mobile ARPU: Increased to Rs 241 in Q3’25 compared to Rs 200 in Q3’24.
• Mobile Data Consumption: Increased by 25.3% YoY, with consumption per customer at 26.2 GB per month.

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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Bharti Airtel Q3: Profit Up 121%, ARPU at Rs 245

Bharti Airtel Q3 Results: Adjusted Consolidated PAT Soars 121% YoY, ARPU Reaches Rs 245

Telecom giant Bharti Airtel has reported a significant surge in its financial performance for the third quarter. The company's reported net profit reached Rs 14,781 crore, with adjusted profit after tax (PAT) showcasing an impressive growth of 121% year-on-year (YoY), amounting to Rs 5,514 crore.

Key Financial Highlights

Here's a detailed overview of Bharti Airtel's Q3 results:

• Adjusted PAT Growth: 121% YoY, reaching Rs 5,514 crore (above market estimates of Rs 5,270 crore).
• Operating Revenue Growth: 19% YoY, totaling Rs 45,129 crore, driven by strong performance in India and consistent currency growth in Africa.
• EBITDA Growth: 24% YoY, reaching Rs 24,480 crore, partially influenced by the consolidation of Indus Towers for 43 days.
• ARPU Growth: Increased to Rs 245, compared to Rs 208 in the third quarter of the previous fiscal year.

Business Segment Performance

Bharti Airtel demonstrated strong performance across its various business segments:

• Postpaid Segment: Strengthened its leadership position with 0.6 million net additions, reaching a customer base of 25.3 million.
• Airtel Business: Revenues jumped by 8.7% YoY.
• Homes Business: Maintained growth momentum with 19% YoY revenue growth, adding a record 674,000 net customers.
• Africa Business: Revenue (in constant currency) rose by 21% YoY.

Digital TV revenues, however, experienced a decline of 3% YoY.

Network Expansion and Customer Experience

The company rolled out 5200 towers and 16300 mobile broadband stations during the quarter to expand its network footprint and improve customer experience nationwide.

Management Perspective

Gopal Vittal, Vice-Chairman and MD of Airtel, stated, "Africa maintained a strong constant currency sequential growth trajectory. India mobile delivered strong performance led by residual flow-through of tariff repair and underlying levers of premiumization. We reported another quarter of industry-leading ARPU growth."

Debt Management

The Net Debt-EBITDA ratio (annualized) for Q3 stood at 2.26 times (on a comparable basis), compared to 2.50 times as of September 2024. The company also prepaid Rs 3,626 crore in December 2024 towards deferred liabilities related to spectrum acquired in 2016.

Industry Outlook

Airtel emphasized the need for further tariff repair within the industry to ensure sustained investments and long-term value creation.

On Thursday, Airtel shares closed 2.3% lower at Rs 1,621.9 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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Britannia Q3 Results: PAT Up 4.5%, Beats Expectations

Britannia Industries Q3 Results: Consolidated PAT Rises 4.5% YoY, Beats Estimates

Britannia Industries, a leading FMCG company, announced its Q3 results, reporting a 4.5% year-on-year (YoY) growth in consolidated net profit (PAT), reaching Rs 582 crore. This figure exceeded market expectations, which had estimated a PAT of Rs 517 crore.

Key Financial Highlights

Here's a breakdown of Britannia Industries' key financial results for Q3:

• Consolidated Net Profit (PAT): Increased by 4.5% YoY to Rs 582 crore (vs. Rs 556 crore in the same period last year).
• Revenue from Operations: Rose by 8% YoY to Rs 4,593 crore (vs. Rs 4,256 crore in the corresponding quarter of the previous year).
• Expenses: Increased to Rs 3,875 crore, up from Rs 3,544 crore in Q3FY24, but down from Rs 3,995 crore in the July-September quarter of FY25.

Nine-Month Performance

For the nine-month period ending December 31, 2024:

• Consolidated Sales: Stood at Rs 13,159 crore, growing by 5%.
• Net Profit: Reached Rs 1,619 crore, growing by 1.3% on a year-on-year basis.

Management Commentary

Varun Berry, Vice Chairman & Managing Director, commented on the company's performance, highlighting the strong results achieved despite subdued demand across FMCG categories and increased competition. He noted that both value and volume grew by approximately 6% each YoY. The company mitigated the impact of rising inflation on key input materials through strategic price increases, focused brand investments, and fixed cost leverage, allowing it to sustain operating margins while remaining competitive.

Strategic Initiatives

Britannia Industries continued to expand its distribution network, now reaching approximately 29 lakh outlets nationwide. Focus states outperformed other regions with a 2.6x growth during the quarter, driven by a partnership with around 31,000 rural distributors. The company also strengthened its portfolio with new product launches and witnessed double-digit growth in adjacent businesses like Dairy Drinks, Croissants, and Wafers.

Future Outlook

Britannia Industries will continue to monitor commodity price inflation closely and implement targeted price increases for specific brands and categories as needed. The company remains focused on driving market share while sustaining profitability.

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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Cochin Shipyard Q3: Profit Down 27% Despite Revenue Rise

Cochin Shipyard Q3 Results: Net Profit Declines 27% YoY Despite Revenue Growth; Dividend Declared

Cochin Shipyard announced its Q3 results, revealing a 27% year-on-year (YoY) drop in consolidated net profit, which stood at Rs 177 crore. This decline occurred despite a 9% YoY increase in revenue from operations.

Key Financial Highlights

Here's a summary of Cochin Shipyard's Q3 financial performance:

• Net Profit: Decreased by 27% YoY to Rs 177 crore (compared to Rs 244 crore in the same quarter last year).
• Revenue from Operations: Increased by 9% YoY to Rs 1148 crore (compared to Rs 1056 crore in the same period last year).
• EBITDA: Declined by 23% YoY to Rs 237 crore (compared to Rs 310 crore in the last year quarter).
• Margins: Experienced a sharp decline to 20.7%.

Dividend Announcement

Despite the drop in net profit, Cochin Shipyard's board has declared a second interim dividend of Rs 3.5 per share for the financial year 2024-25. The record date for determining eligible shareholders is set for February 12, and the dividend will be paid on or before March 7.

Expense Analysis

Total expenses for Cochin Shipyard in Q3 amounted to Rs 9525 crore, compared to Rs 7741 crore in the third quarter of the previous year.

Stock Performance

On Thursday, Cochin Shipyard shares closed 1.04% lower at Rs 1,409 on the NSE.

In summary, while Cochin Shipyard experienced revenue growth in Q3, a significant decline in net profit and margins raises concerns. However, the declaration of an interim dividend provides some positive news for shareholders.

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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Indian Rupee Hits Historic Low of 87.49: RBI MPC Outcome in Focus for Market Recovery

The Indian Rupee has dropped to an all-time low of **87.49** against the US dollar, marking it as the **weakest currency in Asia** for the year. This significant depreciation is primarily attributed to global uncertainties sparked by trade policies and **US tariff decisions**. Additionally, there is growing speculation regarding the Reserve Bank of India’s (RBI) **interest rate policy**, which has added to the downward pressure on the rupee.

Global Factors Driving the Rupee's Decline

The **Indian Rupee** has depreciated by over **2%** this year, making it the worst-performing major currency in Asia. A key factor in this downturn is the **US trade policies** under President Donald Trump, which include **tariffs on Chinese imports** and higher duties on goods from Mexico and Canada. These policies have created a volatile market environment, influencing global currencies, including the Rupee.

In addition to trade tensions, **foreign capital outflows** have further weakened the currency. The rupee recently fell **36 paise** to an all-time low of **87.43**, reflecting concerns over a prolonged **global trade war** and the potential impact of an **interest rate cut** by the RBI.

Impact of US Tariffs on the Indian Economy

President Trump’s tariffs, particularly the **10% tariff on Chinese imports**, have caused ripple effects across global markets. Retaliatory actions from China and other trading partners have intensified market volatility, negatively impacting emerging market currencies, including the Indian Rupee. The continued uncertainty surrounding these trade tensions has added to the **downward pressure** on the Rupee.

RBI's Monetary Policy Committee (MPC) and Interest Rate Expectations

The **RBI's Monetary Policy Committee (MPC)** is currently holding a three-day meeting, with many analysts predicting a **25 basis-point rate cut**. This would mark the **first rate cut in five years**, aimed at supporting the Indian economy, which continues to face challenges from the **COVID-19 pandemic** and slow growth. Such a policy move could further influence the currency’s performance, adding to its weakness in the short term.

Moody’s Ratings: Assessing the Rupee’s Weakness

According to **Moody's Ratings**, the Indian Rupee has depreciated by around **5%** over the past two years and **20%** since January 2020. This places the Rupee among the weakest currencies in **South and Southeast Asia**. Despite this, **only 6 out of 23 rated Indian companies** are significantly affected by the strength of the US dollar, indicating that most businesses are somewhat insulated from the dollar's volatility.

Companies Affected by the Rupee’s Depreciation

Several major companies, including **UltraTech Cement**, **Bharti Airtel**, and **ANI Technologies Pvt Ltd**, are among those most impacted by the Rupee’s depreciation. However, these companies have substantial mitigating factors, such as diversified revenue streams and hedging strategies, that help them manage the effects of the strong dollar.

Looking Ahead: Market Dynamics and Future Outlook

As the global situation continues to evolve, particularly with regards to **US tariffs**, the Indian Rupee’s performance will remain under intense scrutiny. The outcome of the **RBI MPC meeting** is expected to play a key role in determining the currency's recovery trajectory. Investors and market participants should stay informed and seek expert advice to navigate the current market conditions.

The Indian Rupee’s decline has worsened despite occasional interventions by state-run banks, with limited actions from the central bank. There are also speculations about the RBI's alignment with broader market trends, especially considering the potential rate cuts.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not constitute financial advice. The opinions stated are those of the respective sources and do not necessarily reflect the views of this website. Investing in financial instruments involves risks. Readers should conduct their own research and consult a professional advisor before making any investment decisions. We are not responsible for any financial losses incurred.

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Gold Prices in Bangalore Surge Over Rs. 5000/10g – Is It the Right Time to Invest?

Gold Prices in Bangalore Surge Over Rs. 5000/10g in 10 Days! Is It the Right Time to Invest?

Gold buyers across India are left astounded by the soaring prices of gold and silver. Gold prices in Bangalore have been rising since the Budget 2025 announcement, marking the third consecutive rise today. While the market eagerly anticipates any relief that could lead to a dip in gold prices, global trade tensions continue to fuel the bullish momentum in the precious metal market. The ongoing trade wars are driving demand for gold as a safe haven, keeping gold prices elevated during economic uncertainties.

Gold Price Trends in Bangalore

24-carat gold rates in Bangalore, on Feb 6, soared by Rs. 270 per 10 grams to cost Rs. 86,510. Meanwhile, 22-carat gold rates jumped by Rs. 250 to retail at Rs. 79,300 per 10 grams. Similarly, 18-carat gold rates in Bangalore spiked by Rs. 150 to cost Rs. 65,500 per 10 grams.

Is This the Right Time to Buy Gold?

Gold prices in Bangalore have surged by approximately Rs. 5,020 per 10 grams for 24-carat yellow metal in the last 10 days. With prices reaching such high levels, gold has become expensive for retail buyers, causing many to step back from making purchases. The upcoming RBI MPC 2025 meeting tomorrow is expected to have a significant impact on the commodity market, particularly if the central bank decides to cut interest rates.

Silver Prices in Bangalore Today

Silver prices in Bangalore today per kilogram currently cost Rs. 99,500 per kg after experiencing no movement today. The price of 100 grams of silver is currently at Rs. 9,950.

Gold and Silver Future Price on MCX

On the Multi Commodity Exchange (MCX), gold futures, expected to mature on April 4, 2025, jumped by 0.11% to trade at Rs. 84,660. Meanwhile, silver futures, with an expiry date of March 5, 2025, also slipped this morning by 0.29% at Rs. 95,684.

Spot Gold and Silver Prices

According to Reuters, spot gold remained steady at $2,870.16 per ounce by 0306 GMT, after reaching a record high of $2,882.16 in the previous session. U.S. gold futures declined by 0.2%, trading at $2,888.30. Meanwhile, spot silver saw a slight dip of 0.2%, settling at $32.26 per ounce.

Market Outlook for Gold

According to the India Bullion and Jewelers Association, "Gold pared gains from a new all-time high on Wednesday, as trade-war worries bolstered haven demand and there were continued signs of short-term tightness in the market. Bullion prices still held at elevated levels, supported by concerns about trade wars, particularly between the US and China. Markets are also waiting to see if there are any ripple effects for US monetary policy if tariffs reignite inflation."

Financial Disclaimer

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not constitute financial advice. The opinions stated are those of the respective sources and do not necessarily reflect the views of this website. Investing in financial instruments involves risks. Readers should conduct their own research and consult a professional advisor before making any investment decisions. We are not responsible for any financial losses incurred.

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