Gold prices Monday rose by Rs 340 to Rs 34,450 per 10 grams at the bullion market here due to increased demand from local jewellers, according to All India Sarafa Association.
Individual taxpayers with annual income up to Rs 5 lakh will get full tax rebate, said Finance Minister Piyush Goyal on Friday, while presenting the interim Budget for 2019-20 in the Lok Sabha.
The Government Friday decided to hike the gratuity limit from Rs 10 lakh to Rs 30 lakh and also announced a Mega Pension Yojana under which Rs 3,000 per month will given to unorganised sector employees.
Snapping its upward trend, gold prices Thursday declined by Rs 70 to Rs 34,000 per 10 gram at the bullion market here on subdued demand from jewellers, according to All India Sarafa Association.
Reserve Bank of India (RBI) Governor Shaktikanta Das met heads of public sector banks on Monday ahead of the monetary policy review, to gain an understanding of current banking sector, which is facing massive non-performing assets.
Falling for the second straight session, the equity benchmark BSE Sensex Monday lost over 180 points in morning trade after intense selling pressure witnessed in banking, auto and metal stocks despite firming trends in other Asian bourses.
The rupee appreciated by 19 paise to 70.98 against the US dollar in opening trade Monday, driven by weakening of the greenback in overseas markets and easing crude prices.
Indian equities did a U-turn on Friday after opening on a higher note and slumped as the session came to a close.
Rising for the straight fifth session, the benchmark Sensex rallied 250 points after opening on a cautious note Monday, on continued buying in select bluechips by domestic investors amid a positive cues from other Asian bourses.
China on Monday announced that its economy cooled down in the last quarter of 2018, recording a growth rate of 6.6 per cent, which is the slowest in the last 28 years.