Gold, silver edge lower on MCX as dollar strength weighs

Precious metal prices in India fell on March 12 due to geopolitical tensions and a stronger US dollar. Gold futures on MCX dropped 0.26%, and silver declined 0.63%.

Precious metal prices in India fell on March 12 due to geopolitical tensions and a stronger US dollar. Gold futures on MCX dropped 0.26%, and silver declined 0.63%.

Aarti Industries shares rose 5.5% after announcing a $150 million supply contract with a global agrochemical firm, boosting earnings visibility and capacity utilisation through March 2030.

Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.
Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.

Gold and silver prices stayed steady on March 12, with gold at $5,149 an ounce and silver at $85.195 per ounce. Rising crude prices and West Asia tensions influenced the market.

Production at the borosilicate glass furnace has been temporarily suspended. Meanwhile, the opal glass furnaces are currently operating at reduced capacities.

A total of 48 analysts have coverage on Maruti Suzuki. Of them, 41 have ‘buy’ ratings, five have ‘hold’ ratings and two have ‘sell’ ratings on the stocks.

While near-term price volatility has been supportive, Macquarie believes sustained production growth will be key to a re-rating of the stock.

Brokerage firm Nomura has initiated coverage on three non-bank lenders (NBFCs), Piramal Finance, L&T Finance and Tata Capital with a “buy” rating in its latest note on Wednesday, March 12. In addition to these, it has also initiated coverage on…

Wipro’s experience innovation arm Designit will also collaborate with the team to reimagine TruStage’s tech stack and consumer delivery model.