Factors driving gold and silver prices lower in India

Gold and silver futures on MCX and Comex fell as a stronger US dollar, high crude oil prices, firm US data and West Asia tensions dampened demand for precious metals

Gold and silver futures on MCX and Comex fell as a stronger US dollar, high crude oil prices, firm US data and West Asia tensions dampened demand for precious metals

In Friday’s (April 24) session, markets extended losses for the third straight day, with a broad-based decline across sectors. The Sensex fell 983 points to close at 76,681, while the Nifty dropped 275 points to end at 23,898.

IDBI Bank shares rebound after Nirmala Sitharaman says disinvestment will continue, stock jumps over 6% from lows as broader market and Nifty IT index fall.

Chalet Hotels to acquire Seasons Hotels owner of Inder Residency Resort and Spa in Udaipur for ₹171 crore, marking its entry into the Udaipur market.

Looking ahead, guidance for FY27 remains modest. HCLTech expects revenue growth of 1-4% with EBIT margins of 17.5%-18.5%, while Infosys has guided for 1.5%-3.5% growth with operating margins of 20%-22%. Wipro’s near-term outlook remains weak, with Q1FY27 guidance at -2%…

The board of Chennai Petroleum has recommended a final dividend of ₹54 per share for FY26, in addition to an interim dividend of ₹8 per share declared earlier during the year.
Mukul Kochhar, Head of Equities at Investec Capital Services (India), says IT stocks have corrected from about 20x valuations to more reasonable levels, with large caps likely to grow 4–6%. He believes AI fears are currently overplayed and is turning…

Ashoka Buildcon wins $72.36 million Angola power project for Luanda networks. The project is to be executed in 24 month. Shares rise on order win but remain down 1.49%.

Chennai Petroleum shares fell over 6% despite announcing its highest dividend payout in two years, alongside strong sequential earnings growth and improved margins during the March quarter.

Hindustan Zinc’s EBITDA margins expanded by 390 basis points from last year to 56.9% from 53% but fell short of the CNBC-TV18 poll figure of 59.3%.