Year-ender 2023: Impressive 13% returns for gold. Is this its best show in 10 years? https://ift.tt/KGSxiWP Gold has returned higher returns than Comex gold, when it came to peer-to-peer comparison, said Anuj Gupta, Head Commodity & Currency, HDFC Securities informed. On the YTD basis, the net gains by MCX gold is 13.55% while those by Comex are slightly lower at 11.70%. Yellow metal futures on MCX hit the lifetime high Rs 64,063 in 2023 while testing this year's low of Rs 54,771. This translates into Rs 9,200 price range that it has traversed.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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