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Gold and silver prices soared to fresh record high levels on Friday with the precious metal breaching Rs 74,000 per 10 grams mark here on bullish global trends. According to HDFC Sec, gold price jumped Rs 400 to hit its lifetime high of Rs 74,100 per 10 grams in Delhi. It had closed at Rs 73,700 per 10 grams on Thursday. Similarly, silver prices rose by Rs 100 to hit new peak of Rs 86,600 per kg.
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HDFC Asset Management Company reported a consolidated net profit of Rs 540.84 crore for the quarter ended on March 2024. Net profit rose 43.77 percent year-on-year from Rs 376.17 crore in the same quarter last fiscal. The AMC’s consolidated revenue increased by 28.55 percent to Rs 695.43 crore against Rs 540.95 crore in the previous year.
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The Cboe Volatility Index popped above 20 for the first time since October as geopolitical angst stoked wagers for added swings in US stocks. The so called VIX — which measures the 30-day implied volatility of the S&P 500 — popped to 21.36 in early morning trading in New York. The gauge pared its gains to 18.65 at 9:17 a.m. in New York.
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