The sovereign gold bond scheme was introduced in the year 2015 in a bid to reduce the demand for physical gold and also channelize a part of household savings into financial investment options. In this the scheme, the bonds are denominated in units of one gram of gold its multiples thereof. Minimum investment is 1 gram with a maximum subscription limit of 500 grams per individual, in a fiscal year.
In sequential rise in percentage, the BPCL shares surged 5.77 to touch the day’s high at Rs 299.80. In the same way, the IOC shares surged 5.01 percent to intraday high of Rs 148.95 and the HPCL shares soared by 4.77% percent to hit intraday high of Rs 240.45.
Buying gold and the other ornaments on Dhanteras is ritual or custom. It is believed that the ornaments purchase on this day bring good fortune, specially Gold and the fortune never diminish.
With growing global oil production and the market turning towards a situation where supply may well overrun demand, traders are cautious of building up positions in crude futures.
Domestic markets Sensex and Nifty opened negative note on Tuesday, tracking weak global cues. Sesnex plunged about 100 points to hit at 34,160-mark, while the broader Nifty 50 opened at 10,282-level during morning deals
US President Donald Trumps’ sanctions on Iran will kick-in from November 5 and it is probable that crude oil which has moved away to lower levels will trade higher once again at levels of USD 85 per barrel.