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Gold posts nearly 5 pc weekly gain as US dollar weakens
BUSINESS

Gold posts nearly 5 pc weekly gain as US dollar weakens

New Delhi, Aug 22 — Gold prices surged nearly 5 per cent on a weekly basis, gaining support from a weaker US dollar and reduced expectations of an imminent Federal Reserve rate hike.On Friday, MCX gold futures (October) were flat while MCX silver futures for September advanced 1.28 per cent. The…

FIIs offload Rs 1,602 crore this week as Nifty dips 0.5 pc
BUSINESS

FIIs offload Rs 1,602 crore this week as Nifty dips 0.5 pc

New Delhi, Aug 22 — Foreign institutional investors (FIIs) ended the week as net sellers of Rs 1,602 crore while domestic institutional investors (DIIs), by contrast, were net buyers on each of the five trading days, investing Rs 17,320 crore.FIIs reverted to sell mode after three weeks of buying…

Bitcoin nears $80,000 in its biggest weekly rally in 3 years
BUSINESS

Bitcoin nears $80,000 in its biggest weekly rally in 3 years

New Delhi, Aug 22 — Bitcoin surged toward the $80,000 mark on Saturday, on track for its strongest weekly gain in more than three years amid optimism of traders related to a spike in bond yields.The cryptocurrency jumped as much as 4.8 per cent over 24 hours and was trading around $78,588 as of…