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Friday 26 Apr, 2024 12:12 AM

IndusInd Bank Q4 PAT rises 15% YoY to Rs 2,347 cr Tech Mahindra Q4 PAT climbs 29% QoQ; declares dividend of Rs 28/ share Laurus Labs slides after Q4 PAT tumbles 26% YoY to 76 cr ACC records four-fold jump in Q4 PAT to Rs 945 cr Vedanta PAT slides 27% YoY to Rs 1,369 cr in Q4 FY24 Inox Wind hits record high as board OKs 3:1 bonus issue Glenmark Life drops after Q4 PAT slides 33% YoY to Rs 98 cr; Generic API biz down 8% YoY Kotak Mahindra Bank Ltd leads losers in 'A' group H G Infra soars on entry in energy, green hydrogen segment Avantel Ltd leads losers in 'B' group Tata Tele slides as net loss widens to Rs 309 cr in Q4 AU SFB slides after Q4 PAT drops 13% YoY to Rs 371 cr Volumes jump at Sun Pharma Advanced Research Company Ltd counter Consumer goods shares slide Consumer Durables shares fall

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Gold Supported Amid Volatile Risky Assets

24-Jan-22 16:27 Hrs IST

COMEX Gold futures stayed locked in a range after hitting a two month high last week as traders eyed increasingly volatile undertone in risky assets and sustained selling pressure in equities. The World Gold Council (WGC) stated in a latest update that Gold benefits from diverse sources of demand like investment, reserve asset, jewellery, and a technology component. It is highly liquid, no one's liability, carries no credit risk, and is scarce, historically preserving its value over time. WGC noted that inflation was a prominent global theme throughout 2021 and is still a key input into 2022 investor decisions. WGC analysis shows that gold has performed well into CB hiking cycles and has been an effective inflation hedge. The metal holds around $1840 per ounce right now.

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