Tue, Feb 6, 2024 1:37 AM
Gold drops to one-week low as Fed rate cut hopes wane
A Flip by Shubhangi Gupta
Partha Pratim Sengupta has taken charge as the new MD & CEO of Bandhan Bank, with Ratan Kumar Kesh resuming his role as executive director and COO. Sengupta has a proven track record, having held positions at State Bank of India and Indian Overseas Bank, and aims to drive growth and deliver value for all stakeholders.
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India's power consumption rose marginally by about one percent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 percent to 139.44 BU from 113.94 BU in October 2022.The highest supply in a day (peak power demand met) dipped to 219.22 GW in October 2024.
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Precious metals continued their upward momentum in October, marking a third consecutive month of gains, with gold and silver rising 4.21% and 4.56%, respectively. This surge has been largely driven by heightened geo-political tensions, fueling ongoing demand for these safe-haven assets. The monthly returns could have been even higher if not for a sharp correction during the last trading session.
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