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Gold prices firmed today as a dip in the US dollar and risks posed to global economic growth from a surge in the Omicron variant cases burnished the metal's safe-haven appeal.
CMS Info Systems Limited is India’s largest cash management company based on the number of ATM points and retail pick-up points as of March 31, 2021.
Markets started the week on a feeble note and shed over 2% in continuation to the prevailing corrective phase.
Gold prices fell marginally as the spread of the Omicron coronavirus variant smothered appetite for riskier assets and this uncertainty could lead to a more dovish central bank narrative in 2022.
Markets resumed the corrective phase and shed nearly one and a half percent following weak global cues.
Markets traded under pressure in the passing week and lost 3% following weak global cues.
Gold prices continued to rise today as the dollar weakened following moves by global central banks to withdraw pandemic-era stimulus in response to broadening inflationary risks.
Markets managed to end marginally higher amid volatility, taking a breather after the recent fall.
Gold prices rose today boosted by a fall in the US dollar after the Federal Reserve decided to cease its pandemic-era bond purchases early next year.
Markets continued to decline for a third straight session on the back of unsupportive global cues.
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