The big news yesterday was related to the federal rate cut and its impact on the global market. Gold and silver prices fell sharply on Thursday due to lower interest rates. The price of 10 grams of 24 carat gold fell from Rs 645 to Rs 76,013. While there was a sharp decline in the stock market as well. It closed at the level of 79,218 with a decline of 964 points.
Before the big news of tomorrow, the big events of the day to watch…
A decline can be seen in the stock market today. IPOs of Carraro India, Senores Pharmaceuticals Limited and Ventive Hospitality will open from tomorrow. Shares of the International Gemological Institute will be listed on the market tomorrow. -Diesel There has been no change in price.
Now read tomorrow’s big news…
1. Gold fell from ₹645 to ₹76,013: Effect of falling interest rates in America; Silver becomes cheaper by ₹2,025, selling at ₹87,035 kg
Gold and silver prices fell sharply on Thursday, December 19 due to the Federal Reserve’s interest rate cut. According to the India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold fell by Rs 645 to Rs 76,013. Earlier, the price of gold was Rs 76,658 per ten grams.
2. The Fed cut interest rates for the third time in a row: The rate will be between 4.25% and 4.50%, it was reduced by 0.5% in September and by 0.25% in november.
The Federal Reserve of the US central bank reduced interest rates by 25 basis points (0.25%). From now on, interest rates will be between 4.25% and 4.50%. This is the third time this year that the Fed has cut interest rates.
3. Bangladesh accuses Adani of violating power deal: India’s tax benefits cut off, Reuters says
The problems of the Adani group, surrounded by allegations of corruption in America, are increasing. Bangladesh’s caretaker government has accused Adani Power, the company of Indian businessman Gautam Adani, of violating energy deals worth billions of dollars.
4. Rupee hits all-time low: falls 14 paise against dollar and closes at 85.08, foreign products will be expensive
The rupee reached its all-time low on Thursday, December 19. It witnessed a decline of 14 paise against the US dollar and closed at an all-time low of Rs 85.08 per dollar.
5. Sensex fell 964 points to close at 79,218: Nifty fell 247 points to 23,951; IT and banking stocks fell the most
The Sensex closed at 79,218 with a fall of 964 points on Thursday (December 19). At the same time, Nifty also fell by 247 points and closed at the level of 23,951. Banking, metals and IT stocks fell the most.
6. The Kia Ciros premium SUV unveiled on the Indian market: the first Indian car with all seats adjustable and ventilated, ADAS level 2 for safety.
Kia Motors India on Thursday (December 19) unveiled its new mid-size SUV Ciros in the Indian market. The company introduced the car with the first premium features in the segment. This is the first car in the sub-4 meter segment in India, where the seats are all ventilated and electrically adjustable.
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