Stocks In News

Oil prices affecting increase in gold

Crude oil fall and Gold on rise

Due to falling prices of crude oil in the global market, gold has reached a height of 11 weeks. Comaks gold trading session at $ 1122 per ounce level is reached. This is the highest level since November 4. In January, the price of gold has gained 5 percent According to traders in gold because of the sharp decline in equity markets have seen ongoing. The investors in global markets and fears of pressure on the gold safe alternatives are explored. Stand fast in base metals. Zinc is at Rs 107.30 with 4 per cent growth.

Gold price

Gold remains steady at the beginning of the month today .

 Spot gold was little changed at $1,117.31 an ounce by 0043 GMT. Bullion ended last month with a gain of 5.4 percent, its largest gain since January 2015.

Asian shares started a new month on somewhat firmer footing, helped by accommodative monetary policies in Japan and Europe, but traders were cautious ahead of China factory and service sector activity surveys.

The market has opened on a flat note. The Sensex is up 38.58 points at 24909.27, and the Nifty is up 24.90 points or 0.3 percent at 7588.45. About 506 shares have advanced, 105 shares declined, and 31 shares are unchanged.

  The rupee opened flat at 67.77 per dollar against Friday's close of 67.78.