Gold is a unique asset that embodies characteristics of both commodities and currencies while also serving as an investment asset. Mined like any other commodity, it holds intrinsic value and is sought after during financial uncertainty and geopolitical tensions, making it a form of anti-fiat currency. Its enduring appeal as a store of value spans over millennia.
Open FlipA stellar run by domestic equities in FY24 saw the market capitalization of 25 companies rise by atleast Rs 1 lakh crore in a year. Of this, 17 of them are part of benchmark Nifty 50.The Nifty has gained nearly 29% in FY24 and it also tested a lifetime high after a muted show in FY23.Robust corporate earnings, high capital investments by the government, strong domestic economic growth.
Open FlipStocks and currencies were muted in Asia on the Good Friday holiday, while investors kept to the sidelines ahead of key U.S. inflation data. Markets were shut in Hong Kong, India, Indonesia, the Philippines, Singapore, and the United States. The focus has turned to the U.S. Federal Reserve's preferred inflation indicator, the core personal consumption expenditures price index (PCE) and comments.
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